Common use of Loss Allocations Clause in Contracts

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.