Common use of Computation of Loss Clause in Contracts

Computation of Loss. In computing any such loss, among the Parties, deductions shall be made from any assets remaining in the same manner as computing profits in the Section 6 above, that is, deductions shall first be made to pay expenses, and any remaining sums shall be allocated on a pro rata percentage basis to contributions, as set forth above in computing profits. Should there be insufficient assets to pay expenses due and owing as a result of the conduct of the Joint Venture, each Party shall contribute to the payment of such expenses in the percentage of losses attributed to such Party in this Section.

Computation of Loss. In computing any such loss, among loss as between the Partiesparties, deductions shall be made from any assets remaining in the same manner as computing profits in the Section 6 above6.2, that is, deductions shall first be made to pay expenses, and any remaining sums shall be allocated on a pro rata percentage basis to contributions, as set forth above in 6.2 for computing profits. Should there be insufficient assets to pay expenses due and owing as a result of the conduct of the Joint Venture, each Party party shall contribute to the payment of such those expenses in the percentage of losses attributed to such Party that party in this SectionArticle.

Computation of Loss. In computing any such loss, among loss as between the Partiesparties, deductions shall be made from any assets remaining in the same manner as computing profits in the Section 6 above7.2, that is, deductions shall first be made to pay expenses, and any remaining sums shall be allocated on a pro rata percentage basis to contributions, as set forth above in 7.2 for computing profits. Should there be insufficient assets to pay expenses due and owing as a result of the conduct of the Joint Venturejoint enterprise, each Party party shall contribute to the payment of such those expenses in the percentage of losses attributed to such Party that party in this SectionArticle.