Net Profit. After giving effect to the special allocations set forth in Sections 6.4, 6.5 and 6.9, all Net Profit shall be allocated to the Members’ Capital Accounts in the following manner and order of priorities: (a) After giving effect to the allocations contained in Section 6.1(b), the Company’s Net Profit shall be allocated one hundred percent to the Class B Members’ Capital Accounts. (b) To the extent Net Loss was allocated to the Members’ Capital Accounts pursuant to Section 6.2(a), then prior to making the allocations under Section 6.1(a), Net Profit shall be allocated to the Members’ Capital Accounts in an amount equal to and in the reverse order that such Net Loss was allocated.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Net Profit. After giving effect to the special allocations set forth in Sections 6.4, 6.5 6.5, 6.6 and 6.9, all Net Profit shall be allocated to the Members’ Capital Accounts in the following manner and order of priorities:
(a) After giving effect to the allocations contained in Section 6.1(b), the Company’s Net Profit shall be allocated one hundred percent to the Class B Members’ Capital Accounts.
(b) To the extent Net Loss was allocated to the Members’ Capital Accounts pursuant to Section 6.2(a), then prior to making the allocations under Section 6.1(a), Net Profit shall be allocated to the Members’ Capital Accounts in an amount equal to and in the reverse order that such Net Loss was allocated.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Net Profit. After giving effect to the special allocations set forth in Sections 6.4, 6.5 6.5, 6.6 and 6.9, all Net Profit shall be allocated to the Members’ ' Capital Accounts in the following manner and order of priorities:
(a) After giving effect to the allocations contained in Section 6.1(b6.l(b), the Company’s 's Net Profit shall be allocated one hundred percent to the Class B Members’ ' Capital Accounts.
(b) To the extent Net Loss was allocated to the Members’ ' Capital Accounts pursuant to Section 6.2(a), then prior to making the allocations under Section 6.1(a), Net Profit shall be allocated to the Members’ ' Capital Accounts in an amount equal to and in the reverse order that such Net Loss was allocated.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Net Profit. After giving effect to the special allocations set forth in Sections Section 6.4, Section 6.5 and Section 6.9, all Net Profit shall be allocated to the Members’ Capital Accounts in the following manner and order of priorities:
(a) After giving effect to the allocations contained in Section 6.1(b), the Company’s Net Profit shall be allocated one hundred percent to the Class B Members’ Capital Accounts.
(b) To the extent Net Loss was allocated to the Members’ Capital Accounts pursuant to Section 6.2(a), then prior to making the allocations under Section 6.1(a), Net Profit shall be allocated to the Members’ Capital Accounts in an amount equal to and in the reverse order that such Net Loss was allocated.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Net Profit. After giving effect to the special allocations set forth in Sections 6.4, 6.5 6.5, 6.6 and 6.9, all Net Profit shall be allocated to the Members’ ' Capital Accounts in the following manner and order of priorities:
(a) After giving effect to the allocations contained in Section 6.1(b6. l (b), the Company’s 's Net Profit shall be allocated one hundred percent to the Class B Members’ ' Capital Accounts.
(b) To the extent Net Loss was allocated to the Members’ ' Capital Accounts pursuant to Section 6.2(a), then prior to making the allocations under Section 6.1(a6.l (a), Net Profit shall be allocated to the Members’ ' Capital Accounts in an amount equal to and in the reverse order that such Net Loss was allocated.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)