Common use of Net Income and Net Losses Clause in Contracts

Net Income and Net Losses. After giving effect to the special allocations set forth in Section 6.1(b), Net Income and Net Losses for each taxable period and all items of income, gain, loss, and deduction for such taxable period shall be allocated to the Members, Pro Rata.

Net Income and Net Losses. After giving effect to the special allocations set forth in Section 6.1(b)4.6.2, Net Income and Net Losses for each taxable period Taxable Period and all items of income, gain, loss, loss and deduction taken into account in computing Net Income and Net Losses for such taxable period Taxable Period shall be allocated to the Members, Pro RataMembers in accordance with their Sharing Ratios.