Allocation of Net Loss. After giving effect to the special allocations set forth in Sections 8.2 and 8.3 and subject to the limitation set forth in Section 8.1(c), the Net Loss for any fiscal year of the Company shall be allocated among the Members as follows: (i) First, among the Members to the extent of and in reverse order of the allocations of Net Profits pursuant to Section 8.1(a)(iii) (other than Net Profits allocated as the result of any revaluation of Company assets pursuant to Section 8.5(b)(ii)); (ii) Second, among the Members in proportion to their positive Adjusted Capital Account balances until all such Adjusted Capital Account balances are equal to zero; and (iii) Third, among the Members in proportion to their Percentage Interests.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Horwitz Bradley J), Limited Liability Company Agreement (Trilogy International Partners Inc.), Limited Liability Company Agreement (Trilogy International Partners Inc.)
