Allocation of Loss. Any loss from the sale or exchange of all or substantially all of the Company’s assets shall be allocated first, so as to equalize the capital account balances of all Members holding the same number of Capital Units, and thereafter, the remaining losses shall be allocated to the Members, ratably in proportion to their Ownership Percentages.
Appears in 15 contracts
Samples: Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement (Lake Area Corn Processors LLC), Operating Agreement
Allocation of Loss. Any loss from the sale or exchange of all or substantially all of the Company’s 's assets shall be allocated allocated, first, so as to equalize the capital account balances of all Members holding the same number of Capital Units, and thereafter, the remaining losses shall be allocated to the Members, ratably in proportion to their Ownership PercentagesPercentage Interests.
Appears in 5 contracts
Samples: Operating Agreement (Husker Ag LLC), Operating Agreement, Operating Agreement (Husker Ag LLC)
Allocation of Loss. Any loss from the sale or exchange of all or substantially all of the Company’s assets shall be allocated allocated, first, so as to equalize the capital account balances of all Members holding the same number of Capital Units, and thereafter, the remaining losses shall be allocated to the Members, ratably in proportion to their Ownership Percentages.
Appears in 5 contracts
Samples: Operating Agreement (Western Plains Energy LLC), Operating Agreement (Great Plains Ethanol LLC), Operating Agreement (Great Plains Ethanol LLC)
Allocation of Loss. Any loss from the sale or exchange of all or substantially all of the Company’s assets shall be allocated allocated, first, so as to equalize the capital account balances of all Members holding the same number of Capital Units, and thereafter, the remaining losses shall be allocated to the Members, ratably in proportion to their Ownership PercentagesPercentage Interests.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement (Husker Ag LLC)
