Allocations and Distributions. The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.
Allocations and Distributions. Distributions of cash or other assets of the Company shall be made at such times and in such amounts as the Members may determine. Distributions shall be made to (and profits and losses of the Company shall be allocated among) Members pro rata in accordance with each of their Profit Sharing Interests, or in such other manner and in such amounts as all of the Members shall agree from time to time and which shall be reflected in the books and records of the Company.
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 60 Section 6.2 Allocations for Tax Purposes 66 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 68
Allocations and Distributions. (Check One) ☐ - Partnership: A majority of the Partners shall vote to determine the timing and amount of any distribution and such determination shall be binding on all partners. ☐ - Limited Partnership: The General Partner shall determine the timing and amounts of distributions and such determination shall be binding on all Partners.
Allocations and Distributions. 33 Section 6.1 Allocations for Capital Account Purposes............................................. 33 Section 6.2 Allocations for Tax Purposes......................................................... 37 Section 6.3 Distributions........................................................................ 39
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 100 Section 6.2 Allocations for Tax Purposes 112 Section 6.3 Requirement and Characterization of Distributions; Distributions to Record Holders 113 Section 6.4 Distributions of Available Cash from Operating Surplus 114 Section 6.5 Distributions of Available Cash from Capital Surplus 115 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 115 Section 6.7 Special Provisions Relating to the Holders of Converted Subordinated Units 116 Section 6.8 Special Provisions Relating to the Holders of Incentive Distribution Rights 116 Section 6.9 Entity-Level Taxation 116 Section 6.10 Special Provisions Relating to the Preferred Holders 117 Section 6.11 Special Provisions Relating to Warrants 118 ARTICLE VII MANAGEMENT AND OPERATION OF BUSINESS Section 7.1 Management 118 Section 7.2 Certificate of Limited Partnership 120 Section 7.3 Restrictions on the General Partner’s Authority 121 Section 7.4 Reimbursement of the General Partner 121 Section 7.5 Outside Activities 122 Section 7.6 Loans from the General Partner; Loans or Contributions from the Partnership or Group Members 123
Allocations and Distributions. Subject to applicable Regulations, upon the transfer of all the Partnership Interests of a Partner as herein provided, the Profit or Loss of the Partnership attributable to the Partnership Interests so transferred for the Fiscal Year in which such transfer occurs shall be allocated between the transferor and transferee as of the effective date of the assignment, and such allocation shall be based upon any permissible method agreed to by the Partners that is provided for in Code Section 706 and the Regulations issued thereunder.
Allocations and Distributions. Except as may be required by section 704 (b) and (c) of the Code and the applicable Treasury Regulations, all items of income, gain, loss, deduction, and credit of the Company shall be allocated among the Members, and distributions shall be made, in accordance with this Article 6.
Allocations and Distributions. Section 6.1 Allocations for Capital Account Purposes 40 Section 6.2 Allocations for Tax Purposes 49 Section 6.3 Requirements and Characterization of Distributions; Distributions to Record Holders 50 Section 6.4 Distributions of Available Cash from Operating Surplus 51 Section 6.5 Distributions of Available Cash from Capital Surplus 52 Section 6.6 Adjustment of Minimum Quarterly Distribution and Target Distribution Levels 52 Section 6.7 Special Provisions Relating to the Holders of Subordinated Units 53 Section 6.8 Special Provisions Relating to the Holders of IDR Reset Common Units 53 Section 6.9 Entity-Level Taxation 54
Allocations and Distributions. All Profit and Loss shall be allocated to the Member. Cash shall be distributed to the Member as the Member shall determine from time to time.