Common use of Loss Allocation Clause in Contracts

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.

Appears in 3 contracts

Sources: Joint Venture Agreement (ROBO.AI Inc.), Joint Venture Agreement (ROBO.AI Inc.), Joint Venture Agreement (ROBO.AI Inc.)