General Profit and Loss Allocations. After giving effect to the allocation provisions in Section 6.2(b), Profits and Losses shall be allocated as follows.
General Profit and Loss Allocations. After giving effect to the allocations under Section 4.2(b) and subject to Section 4.2(e), Profits and Losses (and, to the extent determined by the Manager to be necessary and appropriate to achieve the resulting Capital Account balances described below, any allocable items of income, gain, loss, deduction or credit includable in the computation of Profits and Losses) for each Fiscal Year or other taxable period shall be allocated among the Members during such Fiscal Year or other taxable period in a manner such that, after giving effect to the special allocations set forth in Section 4.2(b) and all distributions through the end of such Fiscal Year or other taxable period, the Capital Account balance of each Member, immediately after making such allocation, is, as nearly as possible, equal to (i) the amount such Member would receive if all assets of the Company on hand at the end of such Fiscal Year or other taxable period were sold for cash equal to their Gross Asset Values, all liabilities of the Company were satisfied in cash in accordance with their terms (limited with respect to each nonrecourse liability to the Gross Asset Value of the assets securing such liability), all Units become Vested Units and all remaining or resulting cash was distributed, in accordance with Article 3, to the Members immediately after making such allocation, minus (ii) such Member’s share of Company Minimum Gain and Member Minimum Gain, computed immediately prior to the hypothetical sale of assets, and the amount any such Member is treated as obligated to contribute to the Company, computed immediately after the hypothetical sale of assets.
General Profit and Loss Allocations. For each taxable period of the Company, Profits and Losses and all items included in the computation thereof shall be allocated among the Members in such a manner that, as of the end of each taxable period and to the extent possible, the Capital Account of each Member shall be equal to the excess (which may be negative) of:
General Profit and Loss Allocations. Subject to Sections 6.2(b), (c), (d) and (e) below, Profits and Losses, if any, for each Fiscal Year or other period shall be allocated among the Members, solely for federal and state income tax purposes, in a manner such that if the Company were dissolved on the last day of such period, its affairs wound up, its assets sold at a value equal to their Book Value, the sale proceeds distributed to the Members in accordance with their respective Capital Account balances immediately after making such allocations (including the allocations set forth in Section 6.2(b)) and after taking into account distributions and contributions made during such period, such allocations would cause, as nearly as possible, each Member’s Capital Account to equal the distributions that would be made to such Members pursuant to Section 12.2(c)(iii) minus such Member’s share of Minimum Gain and Member Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. To the extent necessary to produce results described in this Section 6.2, items of income and gain may be allocated separately from items of loss, deduction and credit.
General Profit and Loss Allocations. Except as provided in Section 6.2(b), for each taxable year of the Company, Profits and Losses (and all items included in the computations thereof) shall be allocated 100% to the holders of Series A Units pro rata based on their ownership of Series A Units. Genesis Energy, LLC Amended and Restated Limited Liability Company Agreement
General Profit and Loss Allocations
