Common use of Net Profits and Losses Clause in Contracts

Net Profits and Losses. After giving effect to the special allocations set forth in Sections 11.2 and 11.3 of this Operating Agreement, Net Profits and Net Losses shall be allocated and credited to the Members’ and Interest Holders’ respective capital accounts in proportion to their respective Membership Interests.

Appears in 3 contracts

Samples: Operating Agreement (NGA Holdco, LLC), Operating Agreement (NGA Holdco, LLC), Operating Agreement (NGA Holdco, LLC)

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Net Profits and Losses. After giving effect to the special allocations set forth in Sections 11.2 and 11.3 of this Operating Agreement11.3, Net Profits and Net Losses shall be allocated and credited to the Members’ and Interest Holders’ ' respective capital accounts in proportion to their the respective Membership InterestsInterests as set forth in Section 9.2.

Appears in 1 contract

Samples: Operating Agreement (Newgold Inc)

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