Common use of Loss Allocations Clause in Contracts

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.