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Common use of Allocation of Net Profits Clause in Contracts

Allocation of Net Profits. Subject to the provisions of Sections 6.4 and 6.5, Net Profits for any Fiscal Year or other period shall be allocated to the Members according to their Percentage Interests.

Appears in 4 contracts

Sources: Operating Agreement (Patriot Scientific Corp), Operating Agreement (Patriot Scientific Corp), Master Agreement (Patriot Scientific Corp)

Related Clauses

  • Allocation of Net Profits and Net Losses
  • Allocation of Net Income and Net Loss
  • Allocations of Net Profits and Net Losses
  • Allocations of Net Income and Net Loss
  • Allocation of Profits

Parent Clauses

  • DEFINITIONS
  • Allocation of Profits and Losses
  • Allocations
  • Allocations of Net Profits Net Losses and Distributions
  • Allocation of Net Profits and Net Losses

Sub-Clauses

  • Net Profits
  • Allocation of Net Loss
  • Dissolution
  • Qualified Income Offset
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