Common use of Profit or Losses Clause in Contracts

Profit or Losses. The net profits or the net losses (and any separately stated items, including without limitation, depreciation, amortization and tax credits) of the Company shall be allocated to the Members, pro-rata in accordance with their Membership Interests in the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Rainbow Casino-Vicksburg Partnership, L.P.), Operating Agreement (St Charles Gaming Co Inc), Operating Agreement (Grand Palais Riverboat Inc)

AutoNDA by SimpleDocs

Profit or Losses. The net profits or the net losses (and losses(and any separately stated items, including without limitation, depreciation, amortization and tax credits) of the Company shall be allocated to the Members, pro-rata in accordance with their Membership Interests in the Company.

Appears in 1 contract

Samples: Operating Agreement (Grand Palais Riverboat Inc)

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