Xxxx XXX Distributions. You, or after your death your beneficiary, may take a Xxxx XXX distribution at any time. Income and penalty taxes may be avoided by taking qualified distributions.
Xxxx XXX Distributions Sample Clauses
Related to Xxxx XXX Distributions
Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.
