Company Loss Allocations. Company Losses shall not be allocated to a Member if such allocation of Losses would cause the Member to have a negative Adjusted Capital Account Balance. Company Losses that cannot be allocated to a Member shall be allocated to the other Members; provided, however, that if no Member may be allocated Company Losses due to the limitations of this Section 4.3(f), then Company Losses shall be allocated to all Members in accordance with their respective outstanding Units.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (loanDepot, Inc.), Limited Liability Company Agreement (loanDepot, Inc.)
Company Loss Allocations. Company Losses shall not be allocated to a Member Unitholder if such allocation of Losses would cause the Member Unitholder to have a negative Adjusted Capital Account Balance. Company Losses that cannot be allocated to a Member Unitholder shall be allocated to the other MembersUnitholders; provided, however, that if no Member Unitholder may be allocated Company Losses due to the limitations of this Section 4.3(f), then Company Losses shall be allocated to all Members Unitholders in accordance with their respective outstanding UnitsPercentage Interests.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Clearwater Analytics Holdings, Inc.), Limited Liability Company Agreement (Clearwater Analytics Holdings, Inc.)
Company Loss Allocations. Company Losses shall not be allocated to a Member if Unitholder to the extent that such allocation of Losses would cause the Member such Unitholder to have a negative an Adjusted Capital Account BalanceDeficit. Company Losses that cannot be allocated to a Member Unitholder shall be allocated to the other MembersUnitholders; provided, however, that if no Member Unitholder may be allocated Company Losses due to the limitations of this Section 4.3(f4.3(g), then Company Losses shall be allocated to all Members Unitholders in accordance with proportion to their respective outstanding Units.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Company Loss Allocations. Company Losses shall not be allocated to a Member if such allocation of Losses would cause the Member to have a negative Adjusted Capital Account Balance. Company Losses that cannot be allocated to a Member shall be allocated to the other Members; provided, however, that if no Member may be allocated Company Losses due to the limitations of this Section 4.3(f4.3(g), then Company Losses shall be allocated to all Members in accordance with their respective outstanding Units.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (loanDepot, Inc.), Limited Liability Company Agreement (loanDepot, Inc.)
