Common use of Allocation of Profits and Losses Clause in Contracts

Allocation of Profits and Losses. All items of income, gain, loss, deductions and credit for tax purposes shall be allocated to each Member pro rata in accordance with such Member’s percentage interest in the Company as set forth in the books and records of the Company, as amended from time to time.

Appears in 130 contracts

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC), Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC), Limited Liability Company Agreement (HIC San Pablo Limited, Inc.)

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Allocation of Profits and Losses. All items of income, gain, loss, deductions and credit for tax purposes shall be allocated to each Member pro rata in accordance with such Member’s 's percentage interest in the Company as set forth in the books and records of the Company, as amended from time to time.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (90210 LLC), Liability Company Agreement (90210 LLC), Limited Liability Company Agreement (90210 LLC)

Allocation of Profits and Losses. All items of income, gain, loss, deductions and credit for tax purposes shall be allocated to each Member pro pm rata in accordance with such Member’s percentage interest in the Company as set forth in the books and records of the Company, as amended from time to time.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (DT Management LLC), Limited Liability Company Agreement (DT Management LLC), Limited Liability Company Agreement (DT Management LLC)

Allocation of Profits and Losses. All items of income, gain, loss, deductions and credit for tax purposes shall be allocated to each Member pro fro rata in accordance with such Member’s percentage interest in the Company as set forth in the books and records of the Company, as amended from time to time.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DT Management LLC)

Allocation of Profits and Losses. All items of income, gain, loss, deductions and credit for tax purposes shall be allocated to each Member pro m rata in accordance with such Member’s percentage interest in the Company as set forth in the books and records of the Company, as amended from time to time.

Appears in 1 contract

Samples: Limited Liability Company Agreement (HIC San Pablo Limited, Inc.)

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Allocation of Profits and Losses. All items of income, gain, loss, deductions and credit for tax purposes shall be allocated to each Member pro rata in accordance with such Member’s percentage interest Percentage Interest; provided that any allocation for tax purposes shall be made in the Company as set forth in the books and records accordance with Section 704(c) of the Company, as amended from time to timeCode and any Treasury regulations promulgated thereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (HIC San Pablo Limited, Inc.)

Allocation of Profits and Losses. All items of income, gain, loss, deductions and credit for tax purposes shall be allocated to each Member pro rata in accordance with such Member’s percentage interest interests in the Company as set forth in the books and records of the Company, as amended by the Managing Member from time to time.

Appears in 1 contract

Samples: Membership Interests Purchase and Sale Agreement (Hines Global REIT, Inc.)

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