Allocation of Net Loss. Except as otherwise provided in this Article, Net Loss shall be allocated among the Members as follows: (i) first, in proportion to the positive balances, if any, in the Members' respective Capital Accounts, until such balances are reduced to zero; and (ii) thereafter, to the Members, in proportion to their Capital Contributions.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (White Owl Investors LLC), Limited Liability Company Agreement (Ziegler William R), Limited Liability Company Agreement (Blackhawk Investors LLC)