Common use of Loss Clause in Contracts

Loss. After giving effect to the special allocations set forth in Section 4.3, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If one or more Interest Holders has a Positive Capital Account, to those Interest Holders, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. Any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 shall be allocated to the Interest Holders in proportion to their Percentages.

Appears in 16 contracts

Sources: Limited Liability Company Agreement (TRxADE HEALTH, INC), Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP)

Loss. After giving effect to the special allocations set forth in Section 4.3, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If one or more Interest Holders the Member has a Positive Capital Account, to those Interest Holdersthe Member, in proportion to their until its Positive Capital Accounts, until all Positive Capital Accounts have Account has been reduced to zero. 4.2.2.2. Any Loss not allocated to reduce the Positive Capital Accounts Account to zero pursuant to Section 4.2.2.1 shall be allocated to the Interest Holders in proportion to their PercentagesMember.

Appears in 2 contracts

Sources: Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (Kimball Hill, Inc.)

Loss. After giving effect to the special allocations set forth in Section 4.3., Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If one or more Interest Holders has a Positive Capital Account, to those Interest Holders, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. Any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 4.2.2.1. shall be allocated to the Interest Holders in proportion to their Percentages.

Appears in 1 contract

Sources: Operating Agreement

Loss. After giving effect to the special allocations set forth in Section 4.34.03, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If (i) if one or more Interest Holders has a Positive Capital Account, to those Interest Holders, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero.; and then 4.2.2.2. Any (ii) any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 4.02(b)(i) shall be allocated to the Interest Holders in proportion to their respective Percentages.

Appears in 1 contract

Sources: Capital Account Agreement

Loss. After giving effect to the special allocations set forth in Section 4.3, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If one or more Interest Holders Members has a Positive Capital Account, to those Interest HoldersMembers, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. Any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 shall be allocated to the Interest Holders Members in proportion to their Percentages.

Appears in 1 contract

Sources: Operating Agreement (DM Products, Inc.)

Loss. After giving effect to the special allocations set forth in Section 4.3, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. 4.2.2.1 If one or more Interest Holders has a Positive Capital Account, to those Interest Holders, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. 4.2.2.2 Any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 shall be allocated to the Interest Holders in proportion to their Percentages.

Appears in 1 contract

Sources: Operating Agreement (New Holland Credit Company, LLC)

Loss. After giving effect to the special allocations set forth in Section 4.3, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If one or more Economic Interest Holders has a Positive Capital Account, to those Economic Interest Holders, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. Any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 shall be allocated to the Economic Interest Holders in proportion to their Percentages.

Appears in 1 contract

Sources: Operating Agreement (Casino America Inc)

Loss. After giving effect to the special allocations set forth in Section 4.3, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If one or more Interest Holders has a Positive Capital Account, to those Interest Holders, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. Any Loss loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 shall be allocated to the Interest Holders in proportion to their Percentages.

Appears in 1 contract

Sources: Operating Agreement (National Credit & Guaranty CORP)

Loss. After giving effect to the special allocations set forth in Section 4.34.4, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. (i) If one or more Interest Holders Members has a Positive Capital Account, to those Interest HoldersMembers, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. (ii) Any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 4.3(b)(i) shall be allocated to the Interest Holders Members in proportion to their Percentages.

Appears in 1 contract

Sources: Operating Agreement (Kti Inc)

Loss. After giving effect to the special ---- allocations set forth in Section 4.3, Loss from a Capital Transaction shall be allocated as follows: 4.2.2.1. If one or more Interest Holders has a Positive Capital Account, to those Interest Holders, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero. 4.2.2.2. Any Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 4.2.2.1 shall be allocated to the Interest Holders in proportion to their Percentages.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Bethlehem Steel Corp /De/)