Common use of Simulated Loss Clause in Contracts

Simulated Loss. Simulated Loss with respect to the disposition of a Depletable Property shall be allocated among the Members in proportion to their allocable shares of the total amount realized from such disposition under Section 5.05(c)(ii).

Appears in 5 contracts

Sources: Limited Liability Company Agreement (EP Energy Corp), Limited Liability Company Agreement (EP Energy Corp), Limited Liability Company Agreement (EP Energy Corp)

Simulated Loss. Simulated Loss with respect to the disposition of a Depletable Property shall be allocated among the Members in proportion to their allocable shares of the total amount realized from such disposition under Section 5.05(c)(ii5.05 (c)(ii).

Appears in 1 contract

Sources: Limited Liability Company Agreement (MBOW Four Star, L.L.C.)