Loss Allocation Sample Clauses
Loss Allocation. First, Losses will be allocated to the Members in proportion to and to the extent of their Profits, if any, previously allocated in inverse order in which Profit was allocated. Second, the balance, if any, will be allocated to the Members in proportion to their Membership Interests. Allocation of Profits and Losses may be modified by subsequent agreement to conform to adjustments made to the Membership Interests because of loans to the Company converted to contributions to capital, any non-uniform distributions of cash, and any liquidating distributions.
Loss Allocation. Losses shall be borne by the shareholders pro-rata to their shareholding percentages; provided that no shareholder shall be required to make additional capital contributions unless approved in accordance with Section 2.5.
Loss Allocation. Except as provided in Section 5.4, Loss shall be allocated among the Members in accordance with their relative Sharing Ratios.
Loss Allocation. If any of the CCF Fund investments shall become worthless or be sold at a loss, the loss of principal shall be borne by AID who shall make the other Companies whole for principal contributed.
Loss Allocation a) In the event that during either six month evaluation period, Broker incurs a loss of less than or equal to 1% of the capitation payments it received in that period, Broker will incur this entire loss without assistance from the State.
b) In the event that, during either six month evaluation period, Broker incurs a loss of greater than 1% of the capitation payments it received in that period, the cost of that loss will be apportioned as follows:
(1) Broker and State will share, on a 50-50 basis, all losses greater than 1% but less than 3% of the capitation payments paid; and
(2) The State will incur all losses greater than 3% of the capitation payments paid.
Loss Allocation. Without limiting the rights and obligations of the parties under Section 9.1 or 9.4, in the event that GECITS is unable to collect or receive all or any portion of any Purchased Personal Property Tax Receivable within 270 days after the invoice due date therefor as a result of the related Obligor’s failure or refusal to pay, then an amount equal to the Repurchase Price for such Purchased Personal Property Tax Receivable shall be charged to IKON via the Dealer Compensation Report (and IKON shall pay such amount to GECITS), consistent with GECITS’ and IKON’s past practice; provided, however, that GECITS will not be obligated to wait for the 270 day period to expire (i) in the event of an upgrade or other termination of any Program Financing Contract or Program Stream Financing Agreement pursuant to Section 6.3, (ii) in the event a Program Financing Contract or Program Stream Financing Agreement becomes a Written-Off Financing Contract, or (iii) with respect to any IKON request to eliminate any Purchased Personal Property Tax Receivable from a customer’s account, which terminations and eliminations (in the case of clauses (i) and (iii)) shall be processed through the Dealer Compensation Report to IKON.