Common use of PROFITS/LOSSES Clause in Contracts

PROFITS/LOSSES. Pursuant to Section 18-503 of the Act, for accounting and tax purposes, the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member in accordance with Treasury Regulation 1.704-1.

PROFITS/LOSSES. Pursuant to Section 18-503 of the ActLaw, for accounting and tax purposes, the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member in accordance with Treasury Regulation 1.704-1.

PROFITS/LOSSES. Pursuant to Section 18-503 of the Act, for For accounting and tax purposes, the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, and Section 23-18-5-3 of the Act, profits and losses will be allocated to the Member in accordance with Treasury Regulation 1.704-1.

PROFITS/LOSSES. Pursuant to Section 18-503 of the Act, for accounting and tax purposes, the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member Members in proportion to each Member's economic interest in the Company as set forth in Exhibit 1 and in accordance with Treasury Regulation 1.704-1.

PROFITS/LOSSES. Pursuant to Section 18-503 1706.08 of the Act, for financial accounting and tax purposes, purposes the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member Members in proportion to each Member's economic interest in the Company as set forth in Exhibit 2 and in accordance with Treasury Regulation 1.704-1.

PROFITS/LOSSES. Pursuant to Section 18-503 of the Act, for financial accounting and tax purposes, purposes the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member Members in proportion to each Member's economic interest in the Company as set forth in Exhibit 2 and in accordance with Treasury Regulation 1.704-1.

PROFITS/LOSSES. Pursuant to Section 18-503 1706.08 of the Act, for accounting and tax purposes, the Company's net profits or net losses will be determined annually. As provided in Section 6.03, below, profits and losses will be allocated to the Member Members in proportion to each Member's economic interest in the Company as set forth in Exhibit 1 and in accordance with Treasury Regulation 1.704-1.