Special Loss Allocation. If the Company incurs Losses at any time when the Members’ Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated to the Members in proportion to their Percentage Interests.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Columbia Equity Trust, Inc.)
Special Loss Allocation. If the Company incurs Losses at any time when the Members’ ' Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated to the Members in proportion to their Percentage Interests.
Appears in 2 contracts
Sources: Operating Agreement (Udc Homes Inc), Operating Agreement (Udc Homes Inc)
Special Loss Allocation. If the Company incurs Losses at any time when the Members’ ' Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated to the Members in proportion to their Percentage Intereststhe Equity Ratio.
Appears in 1 contract
Special Loss Allocation. If the Company incurs Losses at any time when the Members’ Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated 50% to each of the Members in proportion to their Percentage InterestsMembers.
Appears in 1 contract
Sources: Operating Agreement (A & B II, Inc.)