Common use of Profits or Losses Clause in Contracts

Profits or Losses. The net profits or net losses (and any separately stated items, including without limitation, depreciation, amortization and tax credits) of the Company shall be allocated to the Members in accordance with their respective Membership Interests.

Appears in 5 contracts

Samples: Operating Agreement (Cleco Power LLC), Operating Agreement (Cleco Power LLC), Operating Agreement (Cleco Corp)

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Profits or Losses. The net profits or net losses (and any separately stated items, including without limitation, depreciation, amortization and tax credits) of the Company shall be allocated to the Members in accordance with their respective Membership InterestsMember.

Appears in 1 contract

Samples: Operating Agreement (Cleco Corp)

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Profits or Losses. The net profits or net losses (and any ----------------- separately stated items, including without limitation, depreciation, amortization and tax credits) of the Company shall be allocated to the Members in accordance with their respective Membership Interests.

Appears in 1 contract

Samples: Operating Agreement (Cleco Power LLC)

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