Common use of Percentage Interest and Allocations of Profits and Losses Clause in Contracts

Percentage Interest and Allocations of Profits and Losses. The Member’s interest in the Company shall be expressed as a percentage equal to the ratio on any date of the Member’s Capital Account on such date to the aggregate Capital Accounts of all Members on such date, such Capital Accounts to be determined after giving effect to all contributions of property or money and all distributions and allocations for all periods ending on or prior to such date (as to any Member, his or her “Percentage Interest”). All of the Company’s profits and losses shall be allocated to the Member.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Ryerson International Material Management Services, Inc.), Limited Liability Company Operating Agreement (Ryerson International Material Management Services, Inc.)

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Percentage Interest and Allocations of Profits and Losses. The Each Member’s interest in the Company shall be expressed as a percentage equal to the ratio on any date of the such Member’s Capital Account capital account on such date to the aggregate Capital Accounts capital accounts of all Members on such date, such Capital Accounts capital accounts to be determined after giving effect to all contributions of property or money and all money, distributions and allocations for all periods ending on or prior to such date (as to any Member, his his, her or her its “Percentage Interest”). All of the The Company’s profits and losses shall be allocated to in accordance with the MemberPercentage Interests of the Members.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Electric City Corp), Limited Liability Company Agreement (Electric City Corp)

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Percentage Interest and Allocations of Profits and Losses. The Member’s interest in the Company shall be expressed as a percentage equal to the ratio on any date of the Member’s Members Capital Account on such date to the aggregate Capital Accounts of all Members on such date, such Capital Accounts of all Members on such date, such Capital Accounts to be determined after giving effect to all contributions of property or money and all distributions and allocations for all periods ending on or prior to such date (as to any Member, his or her “Percentage Interest”). All of the Company’s profits and losses shall be allocated to the Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Stratus Technologies Bermuda Holdings Ltd.)

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