Common use of Limitation on Allocation of Net Loss Clause in Contracts

Limitation on Allocation of Net Loss. To the extent that any allocation of Net Loss (or items of loss) would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss (or items of loss) shall be reallocated (x) first, among the other Holders of Class A Common Units in accordance with their respective Percentage Interests, and (y) thereafter, among the Holders of other Company Units, as determined by the Managing Member (with the approval of the Original Member Representative, such approval not to be unreasonably withheld, delayed, or conditioned), subject to the limitations of this Section 6.2(a)(vi).

Appears in 4 contracts

Samples: Operating Agreement (Biote Corp.), Letter Agreement (FTAC Athena Acquisition Corp.), Limited Liability Company Agreement (OppFi Inc.)

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Limitation on Allocation of Net Loss. To the extent that any allocation of Net Loss (or items of lossloss or deduction) would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss (or items of lossloss or deduction) shall be reallocated (x) first, among the other Holders of Class A Common Units and Holders of Class B Units in accordance with their respective Economic Percentage Interests, and (y) thereafter, among the Holders of other Company Units, as determined by the Managing Member (with the approval of the Original Member Representative, such approval not to be unreasonably withheld, delayed, or conditioned)Member, subject to the limitations of this Section 6.2(a)(vi6.3(a)(vi).

Appears in 1 contract

Samples: Investment Agreement (Easterly Acquisition Corp.)

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