Special Allocation. (a) After giving effect to the allocations provided for in Section 4.02 hereof, items of gross income or gain shall be specially allocated for each Fiscal Year to the Members in proportion to and to the extent of the excess of (A) the cumulative amounts distributed to each Member pursuant to Sections 5.01(a), (c), and (d) for the current and all prior Fiscal Years, over (B) the cumulative amounts allocated to each Members pursuant to this Section 4.03(a) for all prior Fiscal Years; and
Appears in 4 contracts
Samples: Operating Agreement (Paladin Realty Income Properties Inc), Operating Agreement (Paladin Realty Income Properties Inc), Operating Agreement (Paladin Realty Income Properties Inc)
Special Allocation. (a) After giving effect to the allocations provided for in Section 4.02 hereof, items of gross income or gain shall be specially allocated for each Fiscal Year to the Members in proportion to and to the extent of the excess of (A) the cumulative amounts distributed to each Member pursuant to Sections 5.01(a), (c), (d) and (de) for the current and all prior Fiscal Years, over (B) the cumulative amounts allocated to each Members pursuant to this Section 4.03(a) for all prior Fiscal Years; and
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Paladin Realty Income Properties Inc)
Special Allocation. (a) After giving effect to the allocations provided for in Section 4.02 hereof, items of gross income or gain shall be specially allocated for each Fiscal Year to the Members in proportion to and to the extent of the excess excess, if any, of (A) the cumulative amounts distributed to each Member pursuant to Sections 5.01(a), (c), and (d) Section 5.01 for the current and all prior Fiscal Years, over (B) the cumulative amounts allocated allocations of gross income and gain to each Members such Member pursuant to this Section 4.03(a) for all prior Fiscal Years; and.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Paladin Realty Income Properties Inc)
Special Allocation. (a) After giving effect to the allocations provided for in Section 4.02 4.03 hereof, items of gross income or gain shall be specially allocated for each Fiscal Year to the Members in proportion to and to the extent of the excess of (A) the cumulative amounts distributed to each Member pursuant to Sections 5.01(a), Section 5.01 (c), and (dincluding the flush paragraph at the end thereof) for the current and all prior Fiscal Years, over (B) the cumulative amounts allocated to each Members pursuant to this Section 4.03(a4.04(a) for all prior Fiscal Years; and
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Paladin Realty Income Properties Inc)
Special Allocation. (a) After giving effect to the allocations provided for in Section 4.02 4.03 hereof, items of gross income or gain shall be specially allocated for each Fiscal Year to the Members in proportion to and Xxxxxx to the extent of the excess of (A) the cumulative amounts distributed to each Member Xxxxxx pursuant to Sections 5.01(a), (c), and (dSection 5.01(d) for the current and all prior Fiscal Years, over (B) the cumulative amounts allocated to each Members Xxxxxx pursuant to this Section 4.03(a) 4.04 for all prior Fiscal Years; and.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Paladin Realty Income Properties Inc)
Special Allocation. (a) After giving effect to the allocations provided for in Section 4.02 hereof, items of gross income or gain shall be specially allocated for each Fiscal Year to the Members in proportion to and to the extent of the excess of (A) the cumulative amounts distributed to each Member pursuant to Sections 5.01(a), (c), and (d) Section 5.01 for the current and all prior Fiscal Years, over (B) the cumulative amounts allocated to each Members Member pursuant to this Section 4.03(a) for all prior Fiscal Years; and
Appears in 1 contract
Samples: Operating Agreement (Paladin Realty Income Properties Inc)