Calculation of Profits and Losses. The profits and losses of the Company shall be determined for each fiscal year in accordance with U.S. generally accepted accounting principles.
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Samples: Limited Liability Company Agreement (Kindred Healthcare, Inc), Limited Liability Company (Kindred Healthcare, Inc), Limited Liability Company (Endurance International Group, Inc.)
Calculation of Profits and Losses. The profits and losses of the Company shall be determined for each fiscal year in accordance with U.S. generally accepted accounting principles (except with respect to profits and losses as relevant to tax allocations, which shall be computed under tax principles).
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