Joint Venture Losses Sample Clauses

Joint Venture Losses. JV Company losses shall be for the account of ABI LLC, as the Class A member of the JV Company, and CRA LLC, as the Class B member of the JV Company (and accordingly recorded by ABI or CRA, as applicable, on their books), as follows:
Sample 1
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Joint Venture Losses. SG losses shall be for the account of SHL, as a member of the SG, and SFG, as a member of the SG (and accordingly recorded by SHL or SFG, as applicable, on their books), as follows:
Sample 1
Joint Venture Losses. All losses shall be shared by the Parties in accordance with their Interests in the Joint Venture, unless such losses have been caused by a Party as the result of its gross negligence or willful misconduct, in which case the other Party (the non-negligent party) shall not be responsible for such loss.
Sample 1
Joint Venture Losses. Commencing on the first day of the second month following the Commencement Date (Percentage Rent) and on the first day of each month thereafter during the Term and the first month after the end of the Term, Tenant shall also pay as Additional Rent hereunder fifty percent (50%) of Landlord's monthly net operating losses (including capital losses) as evidenced by Landlord's monthly operating statement for the immediately preceding Fiscal Month, provided that if a Prime Mortgage shall then be in effect, Tenant shall pay as Additional Rent to Landlord fifty percent (50%) of the principal and interest payment when due under the Prime Mortgage, which payment shall be appropriately credited against the Tenant's fifty percent (50%) share of Landlord's monthly net operating losses as set forth above. Monthly operating statements may be prepared prior to the end of the applicable month based on projected income and expenditures, with appropriate adjustments the following month to reflect actual income and expenditures. If, for any reason, there shall be a severance of Tenant's ownership of the Shoreside Complex (currently, as a partner of the Venture) and Leasehold Estate, then Tenant shall pay, as Additional Rent under this Lease, fifty percent (50%) of the monthly debt service payments (principal and interest) due under any Prime Mortgage to the applicable Prime Mortgagee, provided, that the principal amount secured by such Prime Mortgage does not exceed the amount agreed to by the Venture), as well as fifty percent (50%) of all Common Area Maintenance Charges as defined in and provided under Exhibit E hereto, in lieu of Additional Rent pursuant to the first two sentences of this Section and Tenant shall have the additional rights and Landlord the additional obligations with respect to the Shoreside Complex as are provided in such Exhibit E.
Sample 1

Related to Joint Venture Losses

  • Net Losses After giving effect to the special allocations set forth in Section 6.1(d), Net Losses for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Losses for such taxable period shall be allocated as follows:

  • Net Loss After giving effect to the special allocations set forth in Section 6.1(d), Net Loss for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Loss for such taxable period shall be allocated as follows:

  • PROFITS/LOSSES For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Net Termination Gains and Losses After giving effect to the special allocations set forth in Section 6.1(d), all items of income, gain, loss and deduction taken into account in computing Net Termination Gain or Net Termination Loss for such taxable period shall be allocated in the same manner as such Net Termination Gain or Net Termination Loss is allocated hereunder. All allocations under this Section 6.1(c) shall be made after Capital Account balances have been adjusted by all other allocations provided under this Section 6.1 and after all distributions of Available Cash provided under Sections 6.4 and 6.5 have been made; provided, however, that solely for purposes of this Section 6.1(c), Capital Accounts shall not be adjusted for distributions made pursuant to Section 12.4.

  • Funding Losses Upon written demand of any Lender (with a copy to the Administrative Agent) from time to time, which demand shall set forth in reasonable detail the basis for requesting such amount, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense actually incurred by it as a result of:

  • Allocations of Profits and Losses Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary, individual items of income, gain or loss or deduction of the Partnership) shall be allocated in a manner such that the Capital Account of each Partner after giving effect to the Special Allocations set forth in Section 5.05 is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made pursuant to Article IV if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Partnership liabilities were satisfied (limited with respect to each non-recourse liability to the Carrying Value of the assets securing such liability) and the net assets of the Partnership were distributed to the Partners pursuant to this Agreement, minus (ii) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the General Partner shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a partner’s interest in the Partnership.

  • De Minimis Adjustments No adjustment in the number of shares of Common Stock purchasable hereunder shall be required unless such adjustment would require an increase or decrease of at least one share of Common Stock purchasable upon an exercise of each Warrant and no adjustment in the Exercise Price shall be required unless such adjustment would require an increase or decrease of at least $0.01 in the Exercise Price; provided, however, that any adjustments which by reason of this Section 3.7 are not required to be made shall be carried forward and taken into account in any subsequent adjustment. All calculations shall be made to the nearest full share or nearest one hundredth of a dollar, as applicable.

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