Common use of Special Allocations Clause in Contracts

Special Allocations. 7.3.1. Except as otherwise provided in Section 7.3.2., all items of Company income, gain, deduction and loss shall be allocated among the Members in the same proportion as they share in the Net Profit and Net Loss to which such items relate. Any credits against income tax shall be allocated in accordance with the Members' Percentage Interests.

Appears in 29 contracts

Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture), Limited Liability Company Agreement (3100 Glendale Joint Venture), Limited Liability Company Agreement (3100 Glendale Joint Venture)

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Special Allocations. 7.3.1. 7.3.1 Except as otherwise provided in Section 7.3.2., all items of Company income, gain, deduction and loss shall be allocated among the Members in the same proportion as they share in the Net Profit and Net Loss to which such items relate. Any credits against income tax shall be allocated in accordance with the Members' Percentage Interests.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture), Limited Liability Company Agreement (3100 Glendale Joint Venture), Limited Liability Company Agreement (3100 Glendale Joint Venture)

Special Allocations. 7.3.1. Except as otherwise provided in Section 7.3.2., all items of Company income, gaingam, deduction and loss shall be allocated among the Members in the same proportion as they share in the Net Profit and Net Loss to which such items relate. Any credits against income tax shall be allocated in accordance with the Members' Percentage Interests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)

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Special Allocations. 7.3.1. 7.3.1 Except as otherwise provided in Section 7.3.2., all items of Company income, gain, deduction and loss shall be allocated among the Members in the same proportion as they share in the Net Profit and Net Loss to which such items relate. Any credits against income tax shall be allocated in accordance with the Members' Percentage Interests.

Appears in 1 contract

Samples: Limited Liability Company Agreement (3100 Glendale Joint Venture)

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