Allocation of Net Losses. All Net Losses shall be allocated in the following order of priority:
Appears in 6 contracts
Samples: Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC)
Allocation of Net Losses. All Net Losses and items thereof shall be allocated among the Members in the following order of and following priority:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)