Common use of Basic Allocations Clause in Contracts

Basic Allocations. (a) Except as provided in Section 5.02, which shall be applied prior to this Section 5.01, Net Profits and Net Losses of the Company for any fiscal period shall be allocated among the Members in such proportions and in such amounts as may be necessary so that following such allocations, the Adjusted Capital Account balance of each Member equals such Member’s then Target Balance.

Basic Allocations. (a) Except as provided in Section 5.026.02, which shall be applied prior to this Section 5.01first, Net Profits and Net Losses of the Company for any fiscal period shall be allocated among the Members in such proportions and in such amounts as may be necessary so that following such allocations, the Adjusted Capital Account balance of each Member equals such Member’s then Target Balance.

Basic Allocations. (a) Except as provided in Section 5.02, 5.02 below (which shall be applied prior to this Section 5.01first), Net Profits and Net Losses of the Company for any fiscal relevant period shall be allocated among the Members in such proportions and in such amounts a manner as may be necessary so that following such allocations, to cause the Adjusted Capital Account balance balances of each Member equals such Member’s then Target Balanceto equal as nearly as possible the amounts distributed or distributable to each Member pursuant to Section 4.01.