Common use of Individual Items Clause in Contracts

Individual Items. Except as otherwise specifically provided herein, whenever a proportionate part of the Company’s Profits or Losses is credited or charged to a Member’s capital account, each item of income, gain, loss, deduction or credit entering into the computation of such Profits or Losses, or applicable to the period during which such Profits or Losses were realized, shall be considered credited or charged, as the case may be, to such account in the same proportion.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Aptitude Solutions, Inc.), Limited Liability Company Operating Agreement (Aptitude Solutions, Inc.), Limited Liability Company Operating Agreement (Aptitude Solutions, Inc.)

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