Common use of Subsequent Allocations Clause in Contracts

Subsequent Allocations. Any credit or charge to the Capital Accounts of the Members pursuant to this Section 9.02 shall be taken into account in computing subsequent allocations of profits and losses pursuant to Section 9.01, so that the net amount of any items charged or credited to Capital Accounts pursuant to Sections 9.01 and 9.02 shall to the extent possible, be equal to the net amount that would have been allocated to the Capital Account of each Member pursuant to the provisions of this Article IX if the special allocations required by Section 9.02(a), (b), and/or (c), hereof had not occurred.

Appears in 2 contracts

Sources: Operating Agreement (Stratus Services Group Inc), Operating Agreement (Murdock Communications Corp)