Common use of Ordinary Profits and Losses Clause in Contracts

Ordinary Profits and Losses. All dividends and other items of ordinary income from the TMC Common and all related items of deduction or expense shall be allocated 20% to the Trusts and 80% to the TMC Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Times Mirror Co /New/)

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Ordinary Profits and Losses. All dividends and other items of ordinary income from the TMC Common Preferred and all related items of deduction or expense shall be allocated 20% to the Trusts and 80% to the TMC Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Times Mirror Co /New/)

Ordinary Profits and Losses. All dividends and other items of ordinary income from the TMC Common Preferred and all related items of deduction or expense shall be allocated 20% to the Trusts Trusts, 78% to TMC and 802% to the Other TMC Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Times Mirror Co /New/)

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Ordinary Profits and Losses. All dividends and other items of ordinary income from the TMC Common and all related items of deduction or expense shall be allocated 20% to the Trusts Trusts, 78% to TMC and 802% to the Other TMC Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Times Mirror Co /New/)

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