General Application. The rules set forth below in this Article 5 shall apply for the purposes of determining each Member’s allocable share of the items of income, gain, loss and expense of the Company comprising Net Income or Net Loss for each Allocation Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Year, the special allocations in Section 5.4 shall be made immediately prior to the general allocations of Section 5.3.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement (New Source Energy Partners L.P.)
General Application. The rules set forth below in this Article 5 IV shall apply for the purposes of determining each Member’s general allocable share of the items of income, gain, loss and or expense of the Company comprising Net Income or Net Loss of the Company for each Allocation Fiscal Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Fiscal Year, the special allocations in Section 5.4 4.4 shall be made immediately prior to the general allocations of Section 5.34.3.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Mascoma Corp), Limited Liability Company Agreement (Mascoma Corp), Limited Liability Company Agreement (Darling International Inc)
General Application. The rules set forth below in this Article ARTICLE 5 shall apply for the purposes of determining each Member’s allocable share of the items of income, gain, loss and expense of the Company comprising Net Income or Net Loss for each Allocation Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Year, the special allocations in Section 5.4 hereof shall be made immediately prior to before the general allocations of Section 5.3.5.3 hereof
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement (Mid-Con Energy Partners, LP)
General Application. The rules set forth below in this Article 5 4 shall apply for the purposes of determining each Member’s allocable share of the items of income, gain, loss and expense of the Company comprising Net Income Profits or Net Loss Losses of the Company for each Allocation Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Year, the special allocations in Section 5.4 4.3 shall be made immediately prior to the general allocations of Section 5.34.2.
Appears in 4 contracts
Samples: Operating Agreement (Compass Diversified Holdings), Operating Agreement (Compass Diversified Trust), Operating Agreement (Compass Group Diversified Holdings LLC)
General Application. The rules set forth below in this Article 5 shall apply for the purposes of determining each Member’s allocable share of the items of income, gain, loss and expense of the Company comprising Net Income or Net Loss for each Allocation Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Year, the special allocations in Section 5.4 hereof shall be made immediately prior to the general allocations of Section 5.35.3 hereof.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (LRR Energy, L.P.), Limited Liability Company Agreement (LRR Energy, L.P.), Limited Liability Company Agreement (Central Energy Partners Lp)
General Application. The rules set forth below in this Article 5 shall apply for the purposes of determining each Member’s allocable share of the items of income, gain, loss and expense of the Company comprising Net Income or Net Loss for each Allocation Fiscal Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Fiscal Year, the special allocations in Section 5.4 hereof shall be made immediately prior to the general allocations of Section 5.35.3 hereof.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (QR Energy, LP), Limited Liability Company Agreement (QR Energy, LP)
General Application. The rules set forth below in this Article 5 4 shall apply for the purposes of determining each Member’s allocable share of the items of income, gain, loss and expense of the Company comprising Net Income Profits or Net Loss Losses of the Company for each Allocation Taxable Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Taxable Year, the special allocations in Section 5.4 4.3 shall be made immediately prior to the general allocations of Section 5.34.2.
Appears in 2 contracts
Samples: Operating Agreement (KKR Financial Holdings LLC), Operating Agreement (KKR Financial Holdings LLC)
General Application. The rules set forth below in this Article 5 IV shall apply for the purposes of determining each Member’s allocable share of the items of income, gain, loss and expense of the Company comprising Net Income Profits or Net Loss Losses of the Company for each Allocation Year, determining special allocations of other items of income, gain, loss and expense, and adjusting the balance of each Member’s Capital Account to reflect the aforementioned general and special allocations. For each Allocation Year, the special allocations in Section 5.4 4.3 shall be made immediately prior to the general allocations of Section 5.34.2.
Appears in 1 contract
