Net Losses from Operations Sample Clauses

Net Losses from Operations. Except as otherwise required by Sections 4.6, 4.7, and 4.8, all items of Net Losses from Operations, if any, for each Accounting Period, shall be allocated fifteen percent (15%) to the Manager and eighty-five percent (85%) to the Investors in proportion to their respective Ownership Percentages.
Sample 1Sample 2Sample 3See All (8)
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Net Losses from Operations. Except as otherwise provided in this Section 4.2 and subject to Article 7, 8 and 9 hereof, Net Losses from Operations shall be allocated 85% to the Investors, pro rata, and 15% to the Manager.
Sample 1Sample 2Sample 3See All (4)
Net Losses from Operations. Net Losses resulting f rom the operations of the Partnership (as distinguished from an Extraordinary Event) for each fiscal year (or part thereof) shall be allocated at the end of such fiscal year (or part thereof) to the Partners in proportion to their respective Percentage Interests.
Sample 1
Net Losses from Operations. For each taxable year of the Partnership, the sum of (a) all Items of Partnership Deduction and Loss Required to be Separately Stated, and (b) the excess, if any, of (i) Partnership losses (including for tax purposes all items of Partnership deduction and loss other than Items of Partnership Deduction and Loss Required to be Separately Stated) over (ii) all Partnership profits (including for tax purposes all items of Partnership income and gain other than Items of Partnership Income and Gain Required to be Separately Stated).
Sample 1
Net Losses from Operations. Any net losses with respect to a particular Facility, other than net losses resulting from a sale or other disposition of such Facility, as determined on a quarterly basis, shall be allocated (i) first, to the extent that net profits have been allocated pursuant to Section 3.15(c)(iv) hereof in proportion to the parties' respective Percentage Interests for any prior fiscal quarter and such net profits have not been distributed by the Project Entity to the members or already reversed out pursuant to Section 3.15(b)(i) hereof or this Section 3.15(a)(i), net losses shall be allocated to offset such undistributed net profits pro rata among the members in proportion to their shares of the retained net profits being offset (and thereafter such allocations of retained profits, to the extent offset pursuant to this Section 3.15(a)(i), shall be disregarded for purposes of computing subsequent allocations pursuant to this Section 3.15); (ii) second, one percent (1%) to ALS and ninety-nine percent (99%) to ALE until ALE's Capital Account is a negative number that is equal to ALE's limited Capital Account restoration obligation as set forth in clause (b) of the second to last sentence of Section 3.21 hereof (the "ALE Restoration Amount"); (iii) third, one hundred percent (100%) to ALS until its Capital Account is a positive number that is equal to the ALE Restoration Amount; and (iv) lastly, in proportion to the parties' then respective Percentage Interests (provided, however, that any such net loss to be allocated pursuant to this clause (iv) that is attributable to Partner Nonrecourse Debt (as such term is defined in Section 1.704-2(b)(4) of the Treasury Regulations (herein, "Regulations") promulgated under the Internal Revenue Code of 1986, as amended (the "Code")) shall be allocated to the member that bears the economic risk of loss pursuant to Section 1.752-2(b)-(j) of the Regulations for such Partner Nonrecourse Debt and, if more than one member bears such economic risk of loss, such Partner Nonrecourse Deductions shall be allocated among the members in accordance with the ratios in which they share such economic risk of loss). Nonrecourse Deductions (as such term is defined in Section 1.704-2(b)(1) of the Regulations) shall be allocated to ALS and ALE in proportion to their Percentage Interests.
Sample 1

Related to Net Losses from Operations

  • Funds from Operations As defined by the National Association of Real Estate Investment Trusts, Funds From Operations means net income computed in accordance with GAAP, excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures in which the REIT holds an interest.

  • 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:

  • 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.

  • Operating Losses To the extent there is an Operating Loss for any calendar month, Owner shall have the right, without any obligation and in its sole discretion, to fund such Operating Loss within twenty (20) days after Manager has delivered notice thereof to Owner and any Operating Loss funded by Owner shall be a “Owner Operating Loss Advance.” If Owner does not fund such Operating Loss, Manager shall have the right, without any obligation and in its sole discretion, to fund such Operating Loss within twenty (20) days after such initial twenty (20) day period, and any Operating Loss so funded by Manager shall be an Additional Manager Advance. If neither party elects to fund such Operating Loss, Manager may elect, by notice to Owner given within thirty (30) days thereafter, to terminate this Agreement, which termination shall be effective thirty (30) days after the date such notice is given; upon such termination, Owner shall pay Manager the Termination Fee, within sixty (60) days of the effective date of termination, as liquidated damages and in lieu of any other remedy of Manager at law or in equity and such termination shall otherwise be in accordance with the provisions of Section 11.09.

  • Profits and Losses Distributions The Member shall treat all of the profits and losses of the Company as its own. All distributions shall be made to the Member at times and in amounts determined by the Member or the Board of Managers. The Company shall not make distributions to the Member if such distribution would violate Section 18-607 of the Act.

  • Exclusions from Operating Expenses Operating Expenses exclude the following expenditures:

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Net Operating Losses In the case of a Deconsolidation Event, notwithstanding any other provision of this Agreement, VMware hereby expressly agrees to elect (under section 172(b)(3) of the Code and, to the extent feasible, any similar provision of any state, local or non-U.S. Tax law, including section 1.1502-21T(b)(3) of the Treasury Regulations) to relinquish any right to carryback net operating losses to any Pre-Deconsolidation Periods of Dell Technologies (in which event no payment shall be due from Dell Technologies to VMware in respect of such net operating losses).

  • Distributions of Available Cash From Operating Surplus (a) During Subordination Period. Available Cash with respect to any Quarter within the Subordination Period that is deemed to be Operating Surplus pursuant to the provisions of Section 6.3 or 6.5 shall, subject to Section 17-607 of the Delaware Act, be distributed as follows, except as otherwise contemplated by Section 5.6 in respect of other Partnership Securities issued pursuant thereto:

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