Allocations of Profits. Except as may be required by Ohio law or by Section 1.704-1(b)(2)(iv)(f)(4) of the Regulations, all items of income and gain of the Company shall be allocated among the Members in accordance with and in proportion to Actual Unit Ownership.
Appears in 5 contracts
Samples: Operating Agreement of Kykuit Resources (John D. Oil & Gas Co), Operating Agreement (Energy West Inc), Operating Agreement of Kykuit Resources (John D. Oil & Gas Co)