Examples of Liquidating Losses in a sentence
Any such allocations shall be made first from items of income constituting Operating Income or Operating Loss, and only thereafter from items of income constituting Liquidating Gains or Liquidating Losses.
Liquidating Gains and Liquidating Losses shall be allocated among the Members, Pro Rata.
In the event that Liquidating Gains or Liquidating Losses are allocated under this Section 6.1.E, Net Income allocable under Section 6.1.A(6) and any Net Loss shall be recomputed without regard to the Liquidating Gains or Liquidating Losses so allocated.
Notwithstanding the foregoing, Liquidating Gains shall only be allocated to Initial Class B Common Units to the extent that, since the date of issuance of such Initial Class B Common Units, such Initial Class B Common Units when aggregated with other Liquidating Gains realized since the date of issuance of such Initial Class B Common Units exceeds Liquidating Losses realized since the date of issuance of such Initial Class B Common Units.
In the event that Liquidating Gains or Liquidating Losses are allocated under this Section 6.01.D, Net Income allocable under clause 6.01.A (iii) and any Net Losses shall be recomputed without regard to the Liquidating Gains or Liquidating Losses so allocated.