Common use of SPECIAL ALLOCATION OF PROFIT Clause in Contracts

SPECIAL ALLOCATION OF PROFIT. In the event that there is distributed to a Shareholder a Special Precontribution Gain Distribution pursuant to Section 8.1(c), there shall be specially allocated to such Shareholder prior to any other allocations hereunder other than those pursuant to Section 6.7 and 6.8 an amount of Profit equal to the amount described in clause (i) of Section 8.1(c) divided by one minus the effective percentage used to calculate that portion of the Special Precontribution Gain Distribution referred to in clause (ii) of Section 8.1(c).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Belmar Capital Fund LLC), Limited Liability Company Agreement (Belrose Capital Fund LLC), Limited Liability Company Agreement (Belport Capital Fund LLC)

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SPECIAL ALLOCATION OF PROFIT. In the event that there is distributed to a Shareholder a Special Precontribution Gain Distribution pursuant to Section 8.1(c), there shall be specially allocated to such Shareholder prior to any other allocations hereunder other than those pursuant to Section 6.7 6.5 and 6.8 6.6 an amount of Profit equal to the amount sum of the amounts described in subclauses (A) and (B) of clause (i) of Section 8.1(c) divided by one minus the effective percentage used to calculate that portion of the Special Precontribution Gain Distribution referred to in clause (ii) of Section 8.1(c).

Appears in 1 contract

Samples: Operating Agreement (Belair Capital Fund LLC)

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SPECIAL ALLOCATION OF PROFIT. In the event that there is distributed to a Shareholder a Special Precontribution Gain Distribution pursuant to Section 8.1(c), there shall be specially allocated to such Shareholder prior to any other allocations hereunder other than those pursuant to Section 6.7 6.5 and 6.8 6.6 an amount of Profit equal to the amount described in clause (i) of Section 8.1(c) divided by one minus the effective percentage used to calculate that portion of the Special Precontribution Gain Distribution referred to in clause (ii) of Section 8.1(c).

Appears in 1 contract

Samples: Operating Agreement (Belcrest Capital Fund LLC)

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