Common use of Functional Allocations Clause in Contracts

Functional Allocations. In the event and to the extent that any Member is charged with any expenditure incurred by the Company other than in accordance with that Member’s Percentage Interest, then that Member shall be allocated any expense or loss arising out of that expenditure.

Appears in 1 contract

Sources: Operating Agreement (Terra Investment Fund LLC)

Functional Allocations. In the event and to the extent that any Member is charged with any expenditure incurred by the Company other than in accordance with that Member’s Percentage Interest, then that Member shall be allocated any expense or loss arising out of that expenditure.. ARTICLE VI DISTRIBUTIONS 6.1

Appears in 1 contract

Sources: Operating Agreement