Common use of General Allocation Clause in Contracts

General Allocation. The Company's Profit or Loss for a Taxable Year, including the Taxable Year in which the Company is dissolved, will be allocated among the Members in proportion to their Common Units.

Appears in 2 contracts

Sources: Operating Agreement (Huntsman Polymers Corp), Operating Agreement (Huntsman Polymers Corp)

General Allocation. The Company's Profit or Loss for a Taxable Year, including the Taxable Year in which the Company is dissolved, will be allocated among the Members in proportion to their Common UnitsMembership Interests, as set forth in Section 2.1 above, or as may be unanimously agreed upon in writing between the Members.

Appears in 1 contract

Sources: Operating Agreement