PROFITS/LOSSES. For accounting and tax purposes, net profits or net losses shall be determined on an annual basis. Profits and losses will be distributed in proportion to each Member’s relative proportion of total capital in the Company, as set forth in Exhibit 1.
Appears in 10 contracts
Samples: LLC Operating Agreement, Operating Agreement, LLC Operating Agreement
PROFITS/LOSSES. For accounting and tax purposes, net profits or net losses shall be determined on an annual basis. Profits and losses will be distributed in proportion to each MemberShareholder’s relative proportion of total capital percentage or ownership interest in the Company, Company as set forth in Exhibit 1.Schedule A.
Appears in 6 contracts
Samples: Shareholder Agreement, Shareholder Agreement, Shareholder Agreement
PROFITS/LOSSES. For accounting and tax purposes, net profits or net losses shall be determined on an annual basis. Profits and losses will be distributed in proportion to each Member’s relative proportion of total capital interest in the Company, Company as set forth in Exhibit 1.
Appears in 4 contracts
Samples: LLC Operating Agreement, LLC Operating Agreement, LLC Operating Agreement
