Company Loss. Company loss shall be allocated to the Unitholders, pro rata, in accordance with their positive Capital Account balances and to the extent thereof; and thereafter such loss shall be allocated to the Unitholders, pro rata, in accordance with their ownership of Units.
Appears in 4 contracts
Samples: Amended and Restated Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp)
Company Loss. Company loss shall be allocated to the Unitholders, pro rata, in accordance with their positive Capital Account balances and to the extent thereof; and thereafter such loss shall be allocated to the Unitholders, pro rata, in accordance with their ownership of Units. For avoidance of doubt, losses allocable with respect to equity ownership in assets and/or Projects held by Members as contemplated with respect to Projects hereunder shall be allocated to Members in accordance with the ownership interests therein, and/or as otherwise agreed upon by the parties in writing.
Appears in 2 contracts
Samples: Operating Agreement (Pedevco Corp), Operating Agreement (Pedevco Corp)
