Allocations Distributions Clause Examples

Allocations Distributions. Each item of income, gain, loss, deduction and credit of the Company shall be allocated 100% to the Member. Each distribution of cash or other property by the Company shall be made 100% to the Member. Distributions shall be made to the Member at the times and in the amounts determined by the Member.

Allocations Distributions. Expenses; Taxes; Books;

Allocations Distributions. Each item of income, gain, loss, deduction and credit of the Company may be allocated 100% to the Members or in such other manner as the Board of Managers determines in its sole discretion. Each distribution of cash or other property by the Company shall be made 100% to the Members pro rata based on the number of Common Units held by them. Distributions may be made to the Members at the times and in the amounts determined by the Board of Managers. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not be required to make distributions to the Members if such distribution would violate the Act or other applicable law.

Allocations Distributions. All income, gain, loss, deductions and credits of the Company shall be allocated to the Member. The timing and amount of distributions shall be determined by the Member, subject only to the provisions of the Act.

Allocations Distributions. 24 6.1 Allocations................................................................................24 6.2 Distributions..............................................................................24 6.3

Allocations Distributions. 10 Section 3.01.

Allocations Distributions. SECTION 5.1. Allocations of Net Income and Net Losses. (a) Except as provided in Section 5.2, all Net Income, Net Losses, and items thereof, of the Company for each fiscal year or other relevant period shall be allocated among the Members in proportion to their respective Ownership Percentages, as calculated immediately prior to such allocations. (b) All items of income, gain, loss, and deduction realized by the Company during the winding up of the Company, or resulting from a sale or other disposition of a material portion of the assets of the Company, shall be allocated among the Members in such a manner as needed to cause each Member’s Capital Account balance (determined after taking into account all Distributions and all allocations for the current fiscal year, except for the allocations pursuant to this paragraph (b)) to be increased or reduced so that it equals such Member’s Target Capital Account Amount. For these purposes, a Member’s “Target Capital Account Amount” equals the amount of Distributions such Member would receive if each of the Company’s remaining assets were deemed disposed of for an amount equal to the Book Basis of each such asset, and the proceeds of such deemed disposition and all other cash of the Company remaining after satisfaction of all liabilities of the Company were distributed among the Members pursuant to Section 5.4. SECTION 5.2. Regulatory Allocations For each fiscal year or other relevant period, the following items of income or loss shall, to the extent not previously reflected in the Capital Accounts of the Members, be specially allocated to their Capital Accounts, in the following order and priority: (a) If there is a net decrease in “partnership minimum gain” (as defined in Treasury Regulations § 1.704-2(b)(2) and as computed under Treasury Regulation Section 1.704-2(d)) for the fiscal year or other relevant period, then, to the extent required by the Treasury Regulations, items of income (determined in accordance with the provisions of Treasury Regulation Section 1.704-2(f)(6)) shall be specially allocated to the Members in an amount equal to each Member’s share of the net decrease in partnership minimum gain (determined in accordance with the provisions of Treasury Regulation Section 1.704-2(g)). This paragraph (a) shall be interpreted consistently with, and subject to the exceptions contained in, Treasury Regulation Section 1.704-2(f). (b) If there is a net decrease in “partner nonrecourse debt minimum gain” (as ...

Allocations Distributions. Subject to Section (m), each item of income, gain, loss, deduction and credit of the Company will be allocated among the Members in proportion to the respective amounts of the capital contributions made by them. Each distribution of cash or other property by the Company will be allocated among the Members in proportion to the respective amounts of the capital contributions made by them.

Allocations Distributions. Each item of income, gain, loss, deduction, credit and other tax items of the Company shall be allocated between the Members on the basis of their respective Interests. Each distribution of cash or other property by the Company shall be made to the Members on the basis of their respective Interests. Notwithstanding any provision to the contrary in this Agreement, the Company, and the Board on behalf of the Company, shall not make a distribution to the Members on account of their respective Interests to the extent that such distribution would violate the Act or other applicable law. If from time to time a Member receives any payment owed to the Company, such Member shall either (a) remit the payment to the Company, (b) remit to the other Member an amount equal to the product of the payment multiplied by such other Member’s Interest (the “Other Member’s Share”), or (c) hold the Other Member’s Share as agent for such other Member.

Allocations Distributions. Section 6.1 Allocations of Profits and Losses.................................................................. 24 Section 6.2