Loss Allocations Sample Clauses

Loss Allocations. After making any special allocations required under Appendix 1, Losses for each fiscal year (and each item of loss and deduction entering into the computation thereof) shall be allocated among the Members (and charged to their respective Capital Accounts) in the following order and priority: (a) First, to the Members, pro rata based on the amount of Profits being offset, until the cumulative Losses allocated pursuant to this Section 6.2(a) are equal to the cumulative Profits, if any, previously allocated to the Members pursuant to Section 6.1(i) and Section 6.1(j) for all prior periods in proportion to the Members’ respective shares of the Profits being offset; (b) Second, to the Class B Members, pro rata in accordance with its Class B Unreturned Contribution Balance as of the end of the period to which the allocation of Losses under this Section 6.2(b) relates reduced by any Losses previously allocated to such Class B Member pursuant to this Section 6.2(b), until the cumulative Losses allocated pursuant to this Section 6.2(b) to each Class B Member equal the Unreturned Contribution Balance of each such Class B Member as of the end of the period to which the allocation of Losses under this Section 6.2(b) relates plus the total Profits allocated to each Class B Member pursuant to Section 6.1(g). (c) Third, to the Class A Members, pro rata based upon the Profits being offset, until the cumulative Losses allocated pursuant to this Section 6.2(c) are equal to the cumulative Profits, if any, previously allocated to the Class A Member pursuant to Section 6.1(e) and Section 6.1(f) for all prior periods; (d) Fourth, to the Class A Members, pro rata based upon the Class A Unreturned Contribution Balances of the Class A Members as of the end of the period to which the allocation of Losses under this Section 6.2(d) relates reduced by any Losses previously allocated to such Class A Members pursuant to this Section 6.2(d), until the cumulative Losses allocated pursuant to this Section 6.2(d) to each Class A Member equals the Class A Unreturned Contribution Balance of such Class A Member as of the end of the period to which the allocation of Losses under this Section 6.2(d) relates plus the total Profits allocated to each Class A Member pursuant to Section 6.1(d); (e) Fifth, to FC until the cumulative Losses allocated pursuant to this Section 6.2(e) are equal to the cumulative Profits, if any, previously allocated to FC pursuant to Section 6.1(b) and Section 6.1(c) for ...

Loss Allocations. For each Partnership Accounting Year from the Agreement Date until the termination of the Partnership, Loss from Partnership operations shall be allocated among the Partners in the following order of priority: 3.2.1.1 First, among the Partners as necessary to cause the portion of each Partner's Capital Account balance exceeding such Partner's Unrepaid Capital, if any, to be in proportion to the Partners' respective Residual Percentages; 3.2.1.2 Second, as necessary to cause each Partner's Capital Account balance, determined after adjusting the Partners' Capital Accounts for the allocations made pursuant to Section 3.2.1.1 for the Partnership Accounting Year, to equal such Partner's Unrepaid Capital; 3.2.1.3 Third, as necessary to cause each Partner's Capital Account balance, determined after adjusting the Partners' Capital Accounts for the allocations made pursuant to Sections 3.2.1.1 and 3.

Loss Allocations. For each Company Accounting Year from the Agreement Date until the termination of the Company, Loss from Company operations shall be allocated among the Members in the following order of priority: 3.2.1.1 First, among the Members as necessary to cause the portion of each Member's Capital Account balance exceeding such Member's Unrepaid Capital, if any, to be in proportion to the Members' respective Residual Percentages; 3.2.1.2 Second, as necessary to cause each Member's Capital Account balance, determined after adjusting the Members' Capital Accounts for the allocations made pursuant to Section 3.2.1.1 for the Company Accounting Year, to equal such Member's Unrepaid Capital; 3.2.1.3 Third, as necessary to cause each Member's Capital Account balance, determined after adjusting the Members' Capital Accounts for the allocations made pursuant to Sections 3.2.1.1 and 3.

Loss Allocations. After making any special allocations required under Appendix 1, Losses for each Fiscal Year (including each item of deduction and loss entering into the computation thereof) shall be allocated among the Members (and charged to their respective Capital Accounts) in the following order and priority: (a) First, to the extent that Profits have previously been allocated to the Members for prior periods pursuant to Section 5.1(b) hereof, Losses shall be allocated to the Members to offset such Profits on a last-in, first-out basis with respect to the Profits allocated under Section 5.1(b) in proportion to the Members’ respective shares of the Profits being offset; (b) The balance, if any, to the Members in accordance with their respective Percentage Interests; provided that Losses allocated to any Member’s Capital Account in accordance with this Section 5.2 shall not exceed the maximum amount of Losses that can be so allocated without creating an Adjusted Capital Account Balance deficit with respect to such Capital Account. This limitation shall be applied individually with respect to each Member in order to permit the allocation pursuant to this proviso of the maximum amount of Losses permissible under Regulations Section 1.704-1(b)(2)(ii)(d). All Losses in excess of the limitations set forth in this proviso shall be allocated solely to those Members that bear the economic risk for such additional Losses within the meaning of Code Section 704(b) and the Regulations thereunder. If it is necessary to allocate Losses under the preceding sentence, the Managers shall, in accordance with the Regulations promulgated under Code Section 704(b), determine those Members that bear the economic risk for such additional Losses.

Loss Allocations. (A) After first giving effect to the special allocations set forth in Exhibit C to this Agreement (if applicable), and subject to the limitation in Section 6.1(B), Losses for any fiscal year shall be allocated as follows: (1) First, to the Partners who have positive balances in their Capital Accounts pro rata in accordance with and up to the amount of such positive balances; (2) Second, any remaining Losses shall be allocated to the General Partner. (B) Losses allocated to a Partner pursuant to Section 6.1(A) and this Section 6.1(B) shall not exceed the maximum amount of Losses that can be so allocated without causing such Partner to have an Adjusted Capital Account Deficit at the end of any fiscal year. All Losses in excess of the limitation set forth in this Section 6.1(B) shall be allocated to the other Partners in proportion to their Percentage Interests.

Loss Allocations. All Losses (including each item of income, loss or deduction entering into the computation thereof) Liquidation Loss and Nondeductible Expenditures shall be allocated to the Partners in the ratio of their Percentage Interests.

Loss Allocations. After any special allocations required by Sections 3.3 and 3.4 have been made, a Loss of the Company for any Fiscal Year or other accounting period shall be allocated to the Members in proportion to their respective Member Percentages.

Loss Allocations. After giving effect to the special allocations set forth in Sections 7.5 and 7.6 hereof, Losses for any fiscal year shall be allocated in the following order and priority: (a) First, to the Partners in proportion and to the extent of any Profits allocated pursuant to Section 7.3(c) hereof (net of any Losses previously allocated pursuant to this Section 7.4(a)); (b) Second, to the Partners, until the cumulative amount of Losses allocated pursuant to this Section 7.4(b) (net of any Profits previously allocated pursuant to Section 7.3(b)) is equal to the sum of each Partner’s Special Capital Contributions; and (c) Third, any additional Losses shall be allocated among the Partners in accordance with their Participating Percentages. In the event that a change in cash distributions occurs under this Agreement, the Tax Matters Partner shall cause the Partnership’s tax returns and allocations of the Partnership’s Profits, Losses, net income and net loss in Article VII herein to reflect the provisions of and distributions in accordance with such change.

Loss Allocations. Losses for any Fiscal Year shall be allocated: (i) First, to each Member in accordance with their Percentage Interests until each such Member's Capital Account Balance is zero, if any; and (ii) Second, the balance among all of the Members in accordance with their Percentage Interests.