Common use of Residual Allocations Clause in Contracts

Residual Allocations. Except as otherwise provided in this Agreement, all items of LLC income, gain, loss, deduction and any other allocations not otherwise provided for shall be divided among the Members in the same proportions as they share Net Profits or Net Losses, as the case may be, for the applicable fiscal year of the LLC.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement (Euroweb International Corp), Limited Liability Company Operating Agreement (Euroweb International Corp), Limited Liability Company Operating Agreement (Emvelco Corp.)

AutoNDA by SimpleDocs

Residual Allocations. Except as otherwise provided in this Agreement, all items of LLC income, gain, loss, deduction deduction, and any other allocations not otherwise provided for shall be divided among the Members in the same proportions as they share Net Profits or Net Losses, as the case may be, for the applicable fiscal year of the LLCFiscal Year.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (G&l Realty Corp), Limited Liability Company Operating Agreement (Tsecrp Inc)

AutoNDA by SimpleDocs

Residual Allocations. Except as otherwise provided in this Agreement, Agreement all items of LLC income, gain, loss, deduction deduction, and any other allocations not otherwise provided for shall be divided among the Members in the same proportions as they share Net Profits or Net Losses, as the case may be, for the applicable fiscal year of the LLCFiscal Year.

Appears in 1 contract

Samples: Company Operating Agreement (Kennedy Wilson Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.