Profit and Loss. All items of income, gain, loss and deduction of the Company for financial accounting and tax purposes shall be allocated 100% to each Member.
Appears in 5 contracts
Sources: Limited Liability Company Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP), Limited Liability Company Operating Agreement (National Credit & Guaranty CORP)
Profit and Loss. All items of income, gain, loss and deduction of the Company for financial accounting and tax purposes shall be allocated 100% to each the Member.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Operating Agreement (Kimball Hill, Inc.)