Common use of Allocations of Profit and Loss Clause in Contracts

Allocations of Profit and Loss. Profit and Loss for any fiscal year of the Company shall be allocated among the Members in accordance with their Ownership Percentages from time to time.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Lexington Master Limited Partnership), Limited Liability Company Agreement (Winthrop Realty Trust), Limited Liability Company Agreement (Winthrop Realty Trust)

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Allocations of Profit and Loss. Profit and Loss for any fiscal year of the Company shall be allocated among the Members in accordance with their Ownership Percentages from time to time, provided that to the extent that distributions are made pursuant to Section 6.3 hereof (in the case of Default Events), Profit shall be allocated among the Members in the same amount (as nearly as possible) that such distributions are made to the Members pursuant to such section.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Lexington Master Limited Partnership), Limited Liability Company Agreement (Winthrop Realty Trust)

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Allocations of Profit and Loss. Profit and Loss for any each fiscal year of the Company shall be allocated among the Members in accordance with proportion to their Ownership Percentages from time to timePercentages.

Appears in 1 contract

Samples: Agreement (Shelbourne Properties I Inc)

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