Common use of PROFIT SHARES Clause in Contracts

PROFIT SHARES. Solely for purposes of determining a Member’s proportionate share of the Company’s “excess nonrecourse liabilities,” as defined in Treasury Regulation Section 1.752-3(a), the Members’ interests in Company profits will be deemed to be in accordance with their Percentage Interests.

PROFIT SHARES. Solely for purposes of determining a Member’s 's proportionate share of the Company’s “'s "excess nonrecourse liabilities,” " as defined in Treasury Regulation Section 1.752-3(a), the Members’ interests each Member's interest in Company profits will shall be deemed to be in accordance with their its Percentage InterestsInterest.

PROFIT SHARES. Solely for purposes of determining a Member’s proportionate share of the Company’s “excess nonrecourse liabilities,” as defined in Treasury Regulation Section 1.752-1.752- 3(a), the Members’ interests each Member’s interest in Company profits will shall be deemed to be in accordance with their its Percentage InterestsInterest.

PROFIT SHARES. Solely for purposes of determining a ------------- Member’s 's proportionate share of the Company’s “'s "excess nonrecourse liabilities,” " as defined in Treasury Regulation Section 1.752-3(a), the Members’ ' interests in Company profits will be deemed to be in accordance with proportion to their Percentage Interestsrelative Capital Contributions.

PROFIT SHARES. Solely for purposes of determining a Member’s proportionate share ‎share of the Company‎Company’s “excess ‎‎”excess nonrecourse liabilities,” as defined in Treasury Regulation Section 1.752-3(a‎Section 1.752-‎‎3(a), the Members’ interests ‎Membership Interests in Company profits will shall be deemed to be in accordance with held by the ‎Members, pro rata among them based on their Percentage Interests.respective Sharing Ratios.‎