Allocations Distributions. Each item of income, gain, loss, deduction and credit of the Company shall be allocated 100% to the Member. Each distribution of cash or other property by the Company shall be made 100% to the Member. Distributions shall be made to the Member at the times and in the amounts determined by the Member.
Allocations Distributions. Expenses; Taxes; Books;
Allocations Distributions. Each item of income, gain, loss, deduction and credit of the Company may be allocated 100% to the Members or in such other manner as the Board of Managers determines in its sole discretion. Each distribution of cash or other property by the Company shall be made 100% to the Members pro rata based on the number of Common Units held by them. Distributions may be made to the Members at the times and in the amounts determined by the Board of Managers. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make distributions to the Members if such distribution would violate the Act or other applicable law.
Allocations Distributions. All income, gain, loss, deductions and credits of the Company shall be allocated to the Member. The timing and amount of distributions shall be determined by the Member, subject only to the provisions of the Act.
Allocations Distributions. The Company will distribute to its Member all cash available for distribution, after giving effect to the obligation of the Company to pay any net profits interest, at such times as may be determined by the Member in its discretion.
Allocations Distributions. Sections 3(E)(i) and (ii) of the Agreement, governing the allocation of profits and losses, shall be amended by the deletion of current Sections 3(E)(i) and (ii) and the insertion of the following provision:
Allocations Distributions. 10 Section 3.01.
Allocations Distributions. Without limitation of the Garnet Preferred Member's rights pursuant to Section 7.4, during the Extension Period (i) Garnet Net Income, Garnet Net Losses, Net Garnet Capital Gain, and Net Garnet Capital Loss shall be allocated as set forth in Article IV and (ii) Distributions shall be made to the Garnet Preferred Member as set forth in Section 5.1(a) (if applicable) and Section 5.1(b).
Allocations Distributions. During the Earn-Out Period (i) Net Income and Net Losses shall be allocated as set forth in Section 4.2 and (ii) Distributions shall be made to the Class A Member as set forth in Section 5.1(b).
Allocations Distributions. Each item of income, gain, loss, deduction, credit and other tax items of the Company shall be allocated between the Members on the basis of their respective Interests. Each distribution of cash or other property by the Company shall be made to the Members on the basis of their respective Interests. Notwithstanding any provision to the contrary in this Agreement, the Company, and the Board on behalf of the Company, shall not make a distribution to the Members on account of their respective Interests to the extent that such distribution would violate the Act or other applicable law. If from time to time a Member receives any payment owed to the Company, such Member shall either (a) remit the payment to the Company, (b) remit to the other Member an amount equal to the product of the payment multiplied by such other Member’s Interest (the “Other Member’s Share”), or (c) hold the Other Member’s Share as agent for such other Member.
