Allocations of Profits and Losses/Distributions. All profits and losses of the Company shall be allocated to the Members pro rata in accordance with their percentage interests in the Company, if any. Initially, Green Tree CL LLC shall have a 100% limited liability company interest in the Company and the Managing Member shall have no interest in the Company. All distributions by the Company shall be allocated in the same proportion as profits and losses.
Appears in 2 contracts
Samples: Limited Liability Company (Green Tree SerVertis Acquisition LLC), Limited Liability Company (Green Tree SerVertis Acquisition LLC)
Allocations of Profits and Losses/Distributions. All profits and losses of the Company shall be allocated to the Members pro rata in accordance with their percentage interests in the Company, if any. InitiallyAs of the date hereof, Green Tree CL Licensing LLC shall have a 100% limited liability company interest in the Company and the Managing Member shall have no interest in the Company. All distributions by the Company shall be allocated in the same proportion as profits and losses.
Appears in 1 contract
Samples: Limited Liability Company Agreement (DF Insurance Agency LLC)
Allocations of Profits and Losses/Distributions. All profits and losses of the Company shall be allocated to the Members pro rata in accordance with their percentage interests in the Company, if any. Initially, Green Tree CL Licensing LLC shall have a 100% limited liability company interest in the Company and the Managing Member shall have no interest in the Company. All distributions by the Company shall be allocated in the same proportion as profits and losses.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Green Tree SerVertis Acquisition LLC)
