Sharing of Losses Sample Clauses

Sharing of Losses. The Partners shall share Losses as follows:
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Sharing of Losses. 7.2. The percentage of loss payable under this Agreement and the limitations for the amount of claim shall be as follows: Sharing of Loss
Sharing of Losses. In any year in which PFA has Losses on Pro-Fac Products, PFA shall deduct such losses from the Commercial Market Value it would otherwise be required to pay to Pro-Fac for crops as provided in paragraph 9.
Sharing of Losses. (i) For each Fiscal Year, after giving effect to the special allocations set forth in Sections 4(c)-(d) below, if any, Losses shall be allocated to the Partners in proportion to their Interests.
Sharing of Losses. Upon either (i) the occurrence and during the ----------------- continuance of any Event of Default under Section 6.01(a) or (f) and demand by any Lender to the Administrative Agent or (ii) the occurrence and during the continuance of any Event of Default and the making of the request or the granting of the consent specified by Section 6.01 to authorize the Administrative Agent to declare the Advances due and payable pursuant to the provisions of Section 6.01, and, in each case, the failure of the Loan Parties to pay in full the amounts so demanded, within five Business Days thereafter (A) the Administrative Agent shall notify the Lenders of the aggregate amount of the Obligations due and payable to all Lenders under this Agreement at such time (excluding Obligations due and payable to any Lender pursuant to Sections 2.08(a), 2.08(b), 2.10 and 9.04(c)) and of the amount payable by each Lender pursuant to clause (B) below and (B) within five Business Days after such notice, each Lender shall purchase from the other Lenders such participations in such Obligations or, in the case of any such Obligations owing by the Australian Dollar Borrower or a Guarantor incorporated in or resident in Australia, make such payments to the other Lenders in respect thereof, as shall be necessary to cause such Lender to be owed a ratable share (based on the proportion of (x) the Original Dollar Equivalent amount of the Commitments of such Lender under this Agreement on the date hereof to (y) the Original Dollar Equivalent amount of the Commitments of all Lenders under this Agreement on the date hereof) of such Obligations. The Loan Parties agree that any Lender so purchasing a participation from, or making a payment to, another Lender pursuant to this Section 2.11(b) may, to the fullest extent permitted by law, (i) exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of such Loan Party in the amount of such participation and (ii) in the case of any such Obligations owing by the Australian Dollar Borrower or a Guarantor incorporated in or resident in Australia, exercise all its rights of payment (including the right of set-off) against the Loan Parties as fully as if the Australian Dollar Borrower had made payments to the other Lenders in the amount of such Lender's payment amount.

Related to Sharing of Losses

  • Funding Losses Upon written demand of any Lender (with a copy to the Administrative Agent) from time to time, which demand shall set forth in reasonable detail the basis for requesting such amount, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense actually incurred by it as a result of:

  • Sharing of Recoveries Each Purchaser agrees that if it receives any recovery, through set-off, judicial action or otherwise, on any amount payable or recoverable hereunder in a greater proportion than should have been received hereunder or otherwise inconsistent with the provisions hereof, then the recipient of such recovery shall purchase for cash an interest in amounts owing to the other Purchasers (as return of Capital or otherwise), without representation or warranty except for the representation and warranty that such interest is being sold by each such other Purchaser free and clear of any Adverse Claim created or granted by such other Purchaser, in the amount necessary to create proportional participation by the Purchaser in such recovery. If all or any portion of such amount is thereafter recovered from the recipient, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest.

  • PROFITS/LOSSES For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

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