Common use of General Allocation Clause in Contracts

General Allocation. Except as otherwise provided in this Article 9, Net Profit and Net Loss for each Fiscal Year, Fiscal Quarter or other period shall be allocated to the Members in accordance with their Percentage Interests.

Appears in 8 contracts

Sources: Limited Liability Company Agreement (Phillips 66), Consent Agreement (Phillips 66), Limited Liability Company Agreement (Phillips 66)