Allocations of Net Profits and Net Losses. Net Profits and Net Losses shall be allocated solely to the Managing Member as the holder of 100% of the Percentage Interest.
Appears in 4 contracts
Sources: Limited Liability Company Agreement (BMW Fs Securities LLC), Limited Liability Company Agreement (Financial Services Vehicle Trust), Limited Liability Company Agreement (BMW Fs Securities LLC)
Allocations of Net Profits and Net Losses. Net Profits and Net Losses shall be allocated solely to the Managing Member Members as the holder of 100% of the Percentage Interest.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Franklin Auto Trust 1998 1), Limited Liability Company Agreement (FCC Receivables Corp)