General Allocation Rule. Except as otherwise provided in (or until changed pursuant to) this Agreement, the Profits or Losses of the Company, including items of income, gain, loss and deduction for each Fiscal Year, will be allocated to the Members in proportion to their respective Ownership Interests.
Appears in 4 contracts
Sources: Operating Agreement (Tele Communications Inc /Co/), Operating Agreement (Microsoft Corp), Operating Agreement (Microsoft Corp)