Allocation of Profits and Losses Distributions. Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.
Allocation of Profits and Losses Distributions. (a) Each JV Party will share in the Joint Venture’s profits and losses in accordance with its Percentage Interest and the terms of this JV Agreement.
(b) Subject to applicable law and any limitations contained elsewhere in this JV Agreement, the Manager does not plan to distribute any possible Distributable Cash to the JV Parties, and all funds will be retained as reserves until the property is sold or another exit strategy is used.
Allocation of Profits and Losses Distributions. (a) Each Member will share in the Company’s profits and losses in accordance with its Percentage Interest and the terms of this Operating Agreement.
(b) Subject to applicable law and any limitations contained elsewhere in this Operating Agreement, the Manager may elect from time to time to distribute Distributable Cash to the Members, which distributions shall be in proportion to each Member’ Percentage Interest; provided, however, that any distributions of Distributable Cash shall first go to any Members who have funded Shortfall Additional Capital Contributions (in accordance with such Members' Percentage Interests).
(c) Notwithstanding Article V(b) above, the Manager shall, in any event, make distributions of Distributable Cash (if any) to the Members each fiscal quarter as set forth in Article IV(c) above and to each of the Members upon any Dissolution Event (as hereinafter defined) pursuant to article XI(c) hereof.
Allocation of Profits and Losses Distributions. 6.1. Allocation of Net Income or Net Loss The Net Income or Net Loss, other items of income, gains, losses, deductions and credits, and the taxable income, gains, losses, deductions and credits of the LLC, if any, for each Fiscal Year (or portion thereof) shall be allocated to the Members as provided in the Tax Allocations Addendum.
Allocation of Profits and Losses Distributions. The Company’s profits and losses shall be allocated to the Managing Member. Distributions shall be made to the Managing Member at the times and in the aggregate amounts determined by the Managing Member. Notwithstanding anything to the contrary in this Agreement, the Company shall not be required to make a distribution to any Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or any other applicable law. If the Company is intended to be classified as a partnership for federal and state income tax purposes, then prior to the admission of additional members who will be considered partners for federal and state income tax purposes, the Members shall provide (through amendment to this Agreement or otherwise) for the allocation of the Company’s net income and net loss for any taxable year among the Members in proportion to their Membership Interests; provided that such allocation shall be in accordance with the Code and Regulations thereunder (including, without limitation, Section 704(c) of the Code and the Regulations thereunder).
Allocation of Profits and Losses Distributions. 10 6.1. Allocation of Net Income or Net Loss...........10 6.2. Allocation of Income and Loss With Respect to LLC Interests Transferred.....................10 6.3. Distributions..................................11
Allocation of Profits and Losses Distributions. 32 9.1 Allocation of Profits and Losses...............................32 9.2 Allocation of Taxable Income and Loss..........................35 9.3 Distribution of Assets by the Company..........................35
Allocation of Profits and Losses Distributions. 6.01 Allocation of Net Income or Net Loss Income and Net Loss that differ from Except as otherwise provided m the Tax .Allocations Addendum or to the extent that any class of LLC Interests is ýssued in accordance with this with rights to allocations of Net Agreement the allocation rights of any other class of LLC Interests, the Net Income or Net of income, gaie, losses, deductions and credits, and the taxable Loss, other items income, gains, losses, deductions and credits of the LLC, if any, for each Fiscal Year to the Members in accordance with their (or portion thereof) shall be allocated Percentage Interests. If events occur necessltating amendments of this Section 704 of the Code or the regulations make all such amendments.
6 01 for example, to comply with Section thereunder, the Board of Managers shall
Allocation of Profits and Losses Distributions. 6.1. Allocation of Net Profit or Net Loss.......................10 6.2. Distributions..............................................10
Allocation of Profits and Losses Distributions. All deductions, credits, income, gains, losses of the Company shall be allocated to Parent and all distributions will be made to Parent.
