Special Profits Allocation. If the Company incurs Profits at any time when the Members’ Adjusted Capital Account Balances are less than zero and the hypothetical liquidation described in Section 4.1(b) would not result in any distributions to the Members, Profits shall be allocated to the Members in proportion to their negative Adjusted Capital Account Balances, until such negative balances have been eliminated.
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Samples: Operating Agreement (A & B II, Inc.), Operating Agreement (Environtech Inc.)
Special Profits Allocation. If the Company incurs Profits at any time when the Members’ ' Adjusted Capital Account Balances are less than zero and the hypothetical liquidation described in Section 4.1(b) would not result in any distributions to the Members, Profits shall be allocated to the Members in proportion to their negative Adjusted Capital Account Balances, until such negative balances have been eliminated.
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Special Profits Allocation. If the Company incurs Profits at any time when the Members’ ' Adjusted Capital Account Balances are less than zero and the hypothetical liquidation described in Section 4.1(b) 4.1.2 would not result in any distributions to the Members, Profits 9 shall be allocated to the Members in proportion to their negative Adjusted Capital Account Balances, until such negative balances have been eliminated.
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Samples: Operating Agreement (Udc Homes Inc)
Special Profits Allocation. If the Company incurs Profits at any time when the Members’ Adjusted Capital Account Balances are less than zero and the hypothetical liquidation described in Section 4.1(b5.1(b) would not result in any distributions to the Members, Profits shall be allocated to the Members in proportion to their negative Adjusted Capital Account Balances, until such negative balances have been eliminated.
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Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)
Special Profits Allocation. If the Company incurs Profits at any time when the Members’ ' Adjusted Capital Account Balances are less than zero and the hypothetical liquidation described in Section 4.1(b) 4.1.2 would not result in any distributions to the Members, Profits shall be allocated to the Members in proportion to their negative Adjusted Capital Account Balances, until such negative balances have been eliminated.
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Samples: Operating Agreement (Udc Homes Inc)
Special Profits Allocation. If the Company incurs Profits at any time when the Members’ Adjusted Capital Account Balances are less than zero and the hypothetical liquidation described in Section 4.1(b) would not result in any distributions to the Memberszero, Profits shall be allocated to the Members in proportion to their negative Adjusted Capital Account Balances, until such negative balances have been eliminated.
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