Allocation of Net Income and Net Losses. All items of income, gain, expense, loss, deduction and credit of the Fund from operations and in the ordinary course of operation of Fund Property shall be allocated among the Shareholders in accordance with Article 4.
Appears in 9 contracts
Samples: LLC Operating Agreement (Ridgewood Energy K Fund LLC), Operating Agreement (Ridgewood Energy M Fund LLC), Limited Liability Company Agreement (Ridgewood Energy Q Fund LLC)