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Common use of Net Profits Clause in Contracts

Net Profits. Net profits for any taxable year of the Company shall be allocated to the members in proportion to their respective Interests.

Appears in 9 contracts

Sources: Operating Agreement (Great Plains Energy Inc), Operating Agreement (Entergy Arkansas Inc), Operating Agreement (Dominion Resources Inc /Va/)

Related Clauses

  • Net Profit
  • Profits
  • Net Income
  • Net Losses
  • Profits/Losses

Parent Clauses

  • Fiscal Year
  • Merger
  • Division of Profits and Losses for Income Tax Purposes
  • Miscellaneous Provisions
  • Definitions

Sub-Clauses

  • Preferred Returns
  • Second Tier Profits
  • First Tier Profits
  • Reporting; Reconciliation of Net Profits
  • Consideration for Net Profits Payments
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