Net Profits from Operations. Except as otherwise required by Sections 4.6, 4.7, and 4.8, all items of Net Profits from Operations, if any, for each Accounting Period, shall be allocated fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors in proportion to their respective Ownership Percentages; provided, however, that the Net Profits from Operations allocable to the Investors pursuant to this Section 4.1 shall be allocated among the Investors in the amount of and in proportion to their sharing of the Early Investment Incentive and Advance Distribution until such time that the Investors have been allocated an amount of Net Profits from Operations equal to the Early Investment Incentive and Advance Distribution that such Investors actually received.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy Y Fund LLC), Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC), Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC)
