Items. Except as otherwise provided in this Agreement, all items of Fund income, gain, expense, loss, and deduction for a particular Fiscal Year and any other allocations not otherwise provided for shall be divided among the Shareholders in the same proportions as they share Profits or Losses, as the case may be, for such Fiscal Year.
Appears in 9 contracts
Samples: LLC Operating Agreement (Ridgewood Energy L Fund LLC), LLC Operating Agreement (Ridgewood Energy M Fund LLC), LLC Operating Agreement (Ridgewood Energy P Fund LLC)
Items. Except as otherwise provided in this Agreement, all items of Fund income, gain, expense, loss, and deduction for a particular Fiscal Year and any other allocations not otherwise provided for shall be divided among the Shareholders in the same proportions as they share Net Profits or Net Losses, as the case may be, for such Fiscal Year.
Appears in 4 contracts
Samples: LLC Operating Agreement (Ridgewood Energy v Fund LLC), LLC Operating Agreement (Ridgewood Energy S Fund LLC), LLC Operating Agreement (Ridgewood Energy T Fund LLC)
