Common use of Capital Contributions Allocations and Distributions Clause in Contracts

Capital Contributions Allocations and Distributions. The Member may, but shall not be obligated to, make capital contributions to the Company. All items of income, gain, loss and deduction shall be allocated to the Sole Member. The Sole Member or its designee will keep a record of the Member’s capital account, including any capital contributions to the Company, the Company’s income, gains, losses and deductions, and its distributions to the Sole Member. Distributions shall be made to the Sole Member at the times and in the aggregate amounts determined by the Sole Member.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (West Customer Management Group, LLC), Limited Liability Company Agreement (West Customer Management Group, LLC), Limited Liability Company Agreement (West Customer Management Group, LLC)

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