Allocation of Income and Loss. (a) All items of income, gain, loss, deduction or credit shall be allocated to all Members and Assignees in accordance with their respective Units in the Company. All outstanding Units shall be treated equally.
Appears in 3 contracts
Samples: Operating Agreement (Public Service Co of Oklahoma), Operating Agreement (Public Service Co of Oklahoma), Operating Agreement (Public Service Co of Oklahoma)
Allocation of Income and Loss. (a) All items of income, gain, loss, deduction or credit shall be allocated to all Members and Assignees in accordance with their respective Units in the Company. All outstanding Units shall be treated equally.
Appears in 1 contract
Samples: Operating Agreement (Public Service Co of Oklahoma)
