Book Allocations. Unless otherwise provided in this Agreement, an allocation to a Member of a share of Profits or Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Profits or Losses. After giving effect to the special allocations set forth in Section 5.2 and Section 5.3 and subject to Section 5.4 and Section 5.5, Profits and Losses for any Allocation Year shall be allocated as follows:
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Public Service Co of New Hampshire), Limited Liability Company Agreement (Nstar/Ma)
Book Allocations. Unless otherwise provided in this Agreement, an allocation to a Member of a share of Profits or Losses and receipts from grants shall be treated as an allocation of the same share of each item of income, gain, grant, loss or deduction that is taken into account in computing Profits or Losses. After giving effect to the special allocations set forth in Section 5.2 and Section 5.3 and subject to Section 5.4 and Section 5.5, Profits Profits, Losses and Losses receipts from grants for any Allocation Year shall be allocated as follows:
Appears in 1 contract
Samples: Operating Agreement
