Allocations of Profits and Losses. Except as may otherwise be required by applicable U.S. Treasury regulations (including U.S. Treasury regulations applicable to allocations attributable to Company indebtedness), all profits and losses and all related items of income, gain, loss, deduction, and credit of the Company shall be allocated, charged, or credited among the Members in accordance with their respective membership interests.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (Global Imaging Systems Inc), Limited Liability Company Agreement (Global Imaging Systems Inc), Limited Liability Company Agreement (Global Imaging Systems Inc)
Allocations of Profits and Losses. Except as may otherwise be required by applicable U.S. Treasury regulations (including U.S. Treasury regulations applicable to allocations attributable to Company indebtedness), all profits and losses and all related items of income, gain, loss, deduction, and credit of the Company shall be allocated, charged, or credited among the Members in accordance with proportion to their respective membership interestsMembership Interests.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement (Clayton Williams Energy Inc /De)
Allocations of Profits and Losses. Except as may otherwise be required by applicable U.S. Treasury regulations (including U.S. Treasury regulations applicable to allocations attributable to Company indebtedness), all profits and losses and all related items of income, gain, loss, deduction, and credit of the Company shall be allocated, charged, or credited among the Members in accordance with their respective membership interestsMembership Interests.
Appears in 4 contracts
Samples: Operating Agreement (Pacific Custom Materials Inc), Operating Agreement (Pacific Custom Materials Inc), Operating Agreement (American Materials Transport, Inc.)
Allocations of Profits and Losses. Except as may otherwise be required by applicable U.S. Treasury regulations Regulations (including U.S. Treasury regulations Regulations applicable to allocations attributable to Company indebtedness), all profits and losses and all related items of income, gain, loss, deduction, and credit of the Company shall be allocated, charged, or credited among the Members Member in accordance with their respective membership interestsproportion to its Membership Interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Georesources Inc)
