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Common use of Allocation of Profit and Loss Clause in Contracts

Allocation of Profit and Loss. The income, deductions, gains, losses and credits of the Company for each fiscal year or other period shall be allocated 100% to the Member.

Appears in 17 contracts

Sources: Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.)

Related Clauses

  • Definition of Profit and Loss
  • Allocation of Profit or Loss
  • Allocation of Profits and Losses
  • Allocation of Profits
  • Profit and Loss

Parent Clauses

  • Profits and Losses Distributions
  • Allocations
  • Distributions Allocations of Profits and Losses
  • Allocations and Distributions
  • Capital

Sub-Clauses

  • Allocations Between Transferor and Transferee
  • Qualified Income Offset
  • Minimum Gain Chargeback
  • Definition of Profit and Loss
  • Capital Account Deficits
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