Allocations of Profits and Losses and Distributions Sample Clauses
The "Allocations of Profits and Losses and Distributions" clause defines how a business entity's profits and losses are divided among its owners or members, and how and when distributions of cash or other assets are made. Typically, this clause specifies the proportion or method by which each party receives their share, which may be based on ownership percentages, capital contributions, or another agreed formula. By clearly outlining these mechanisms, the clause ensures transparency and fairness in financial dealings, preventing disputes over entitlements and providing a predictable framework for distributing the entity's financial results.
Allocations of Profits and Losses and Distributions if There is One Member. So long as there shall be only one Member, the Net Profits and Net Losses of the Company shall belong to such Member and any Distributions determined to be made by the Manager shall be distributed to such Member. Distribution of liquidation proceeds shall be governed by Section 8.2. Sections 6.2, 6.3 and 6.4 applies if there shall be more than one Member.
Allocations of Profits and Losses and Distributions. 1Allocations.
Allocations of Profits and Losses and Distributions. With respect to the allocations of Profits and Losses, and Distributions including distributions in liquidation, the Operating Agreement is hereby amended to provide the following order of priority of Preferred Shares: Series A Preferred Shares, Series D Preferred Shares, Series C Convertible and Series CC Preferred Shares, and, collectively (pari passu) Series E and B Preferred Shares.
Allocations of Profits and Losses and Distributions. Sharing of Income, Gain, Loss, Deduction and Credit .................. 29 6.2 Allocations and Distributions Attributable to Transferred Interest ...
Allocations of Profits and Losses and Distributions. 6.1 Sharing of Income, Gain, Loss, Deduction and Credit.
Allocations of Profits and Losses and Distributions