Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 33 contracts
Samples: Limited Liability Trust Company Agreement (WhiteHorse Finance, Inc.), Limited Liability Trust Company Agreement (Comstock Oil & Gas, LLC), Limited Liability Company Agreement (Dynatrace Holdings LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardMember. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 22 contracts
Samples: Limited Liability Company Agreement (Atlis Motor Vehicles Inc), Limited Liability Company Agreement (Crane Co /De/), Limited Liability Company Agreement (A.W. Realty Company, LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner in which profit or loss is determined by the Boardfor Federal income tax purposes. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 14 contracts
Samples: Limited Liability Company Agreement (Huntsman Polymers Corp), Limited Liability Company Agreement (Huntsman Polymers Corp), Limited Liability Company Agreement (Huntsman Texas Holdings LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardMember. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (TRW Automotive Inc), Limited Liability Company Agreement (TRW Automotive Inc), Limited Liability Company Agreement (Barton Protective Services LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (NCR Atleos, LLC), Limited Liability Company Agreement (Wisconsin Gas Co), Limited Liability Company Agreement (Fortress Investment Group Holdings LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net and losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each yearMember, and all profits and losses shall be allocated entirely to the Member.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Perella Weinberg Partners), Limited Liability Company Agreement (Sabra Health Care Frankenmuth, LLC), Company Agreement (Sabra Phoenix TRS Venture, LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner in which profit or loss is determined by the Boardfor federal income tax purposes. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Armkel LLC), Limited Liability Company Agreement (Armkel LLC), Limited Liability Company Agreement (Armkel LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall will be determined on an annual basis in accordance with the manner as determined by the BoardBoard of Managers. In each year, profits and losses shall will be allocated entirely to the Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (CAB East LLC), Limited Liability Company Agreement (CAB East LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardMember. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Budget Rent a Car Licensor, LLC), Limited Liability Company Operating Agreement (Budget Rent a Car Licensor, LLC), Limited Liability Company Operating Agreement (Wizard Services, Inc.)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardBoard of Managers. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Wizard Co., Inc.), Limited Liability Company Agreement (Wizard Co., Inc.), Limited Liability Company Agreement (Wizard Co., Inc.)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall will be determined on an annual basis in accordance with the manner as determined by the BoardBoard of Managers. In each year, profits and losses shall will be allocated entirely to the Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Ford Credit Floorplan LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner in which profit or loss is determined by the Boardfor Federal income tax purposes. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 3 contracts
Samples: Master Amendment Agreement (Energy Plus Natural Gas LLC), Limited Liability Company Agreement (Gyrodyne, LLC), Limited Liability Company Agreement (NRG Retail LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardControl Group. In each year, profits and losses shall be allocated entirely to the MemberMembers in proportion to the number of Common Units owned by such Members.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (TPG Inc.), Limited Liability Company Agreement (TPG Inc.), Limited Liability Company Agreement (TPG Partners, LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the MemberMembers.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Biolectron, Inc.), Limited Liability Company Agreement (Biolectron, Inc.)
Profits and Losses. For financial accounting and any relevant tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Anywhere Real Estate Group LLC), Limited Liability Company Agreement (Realogy Holdings Corp.)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardMember. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wizard Co., Inc.), Limited Liability Company Agreement (Ainsworth Lumber Co LTD)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardBoard of Managers. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Efcar, LLC), Agreement and Plan of Merger (JGWPT Holdings Inc.)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be are determined on an annual basis in accordance with the manner determined by the BoardBoard of Managers. In each year, profits and losses shall will be allocated entirely to the Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Triad Financial Special Purpose LLC), Limited Liability Company Agreement (Ford Credit Floorplan Corp)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Boardgenerally accepted accounting principles. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Fah Co Inc), Limited Liability Company Agreement (Fah Co Inc)
Profits and Losses. For financial accounting and tax purposes, the The Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each yearBoard of Managers, profits in its sole and losses shall be allocated entirely to the Memberabsolute discretion.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CPI International, Inc.)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be are determined on an annual basis in accordance with the manner determined by the BoardBoard of Managers. In each year, profits and losses shall will be allocated entirely to the Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ford Credit Floorplan LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner in which profit or loss is determined by the Boardfor federal income tax purposes. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (LaBarge/STC, Inc.)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the a manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 1 contract
Samples: Registration Rights Agreement (B. Riley Principal Merger Corp. II)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the BoardMember in accordance with applicable law. In each year, profits and losses shall be allocated entirely to the Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Biltmore Surgery Center Holdings Inc)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall be are determined on an annual basis in accordance with the manner determined by the BoardBoard of Managers. In each year, profits and losses shall will be allocated entirely to the Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ford Credit Auto Receivables LLC)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Membera Majority of Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CPI International, Inc.)
Profits and Losses. For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Class B Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nevada Property 1 LLC)
Profits and Losses. (a) For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Class A Member.
Appears in 1 contract
Samples: Operating Agreement (Constellation Energy Group Inc)
Profits and Losses. For financial accounting and tax purposes, the Company’s 's net profits or net losses shall will be determined on an annual basis in accordance with the manner determined by the BoardBoard of Managers. In each year, profits and losses shall will be allocated entirely to the Member.
Appears in 1 contract
Samples: Operating Agreement (MACRO Securities Depositor, LLC)
