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

Percentage Interest and Allocations of Profits and Losses. On the ----------------------------------------------------------- date hereof, the Member's interest in the Company shall be as set forth as the "Percentage Interest" on Exhibit 6.1 hereto. As of the date hereof, all of the Company's Profits and Losses shall be allocated to the Members in accordance with the Percentage Interest. In the event additional members are admitted to the Company, the Company's Profits and Losses shall thereafter be allocated in accordance with the Percentage Interests of the members, respectively.

Appears in 4 contracts

Samples: Operating Agreement (Afg Investment Trust B), Operating Agreement (Afg Investment Trust A), Operating Agreement (Afg Investment Trust D)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!