Loss Allocation Sample Clauses

Loss Allocation. First, Losses will be allocated to the Members in proportion to and to the extent of their Profits, if any, previously allocated in inverse order in which Profit was allocated. Second, the balance, if any, will be allocated to the Members in proportion to their Membership Interests. Allocation of Profits and Losses may be modified by subsequent agreement to conform to adjustments made to the Membership Interests because of loans to the Company converted to contributions to capital, any non-uniform distributions of cash, and any liquidating distributions.
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Loss Allocation. Losses shall be borne by the shareholders pro-rata to their shareholding percentages; provided that no shareholder shall be required to make additional capital contributions unless approved in accordance with Section 2.5.
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Loss Allocation. Except as provided in Section 5.4, Loss shall be allocated among the Members in accordance with their relative Sharing Ratios.
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Loss Allocation. If any of the CCF Fund investments shall become worthless or be sold at a loss, the loss of principal shall be borne by AID who shall make the other Companies whole for principal contributed.
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Loss Allocation a) In the event that during either six month evaluation period, Broker incurs a loss of less than or equal to 1% of the capitation payments it received in that period, Broker will incur this entire loss without assistance from the State. b) In the event that, during either six month evaluation period, Broker incurs a loss of greater than 1% of the capitation payments it received in that period, the cost of that loss will be apportioned as follows: (1) Broker and State will share, on a 50-50 basis, all losses greater than 1% but less than 3% of the capitation payments paid; and (2) The State will incur all losses greater than 3% of the capitation payments paid.
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Loss Allocation. Without limiting the rights and obligations of the parties under Section 9.1 or 9.4, in the event that GECITS is unable to collect or receive all or any portion of any Purchased Personal Property Tax Receivable within 270 days after the invoice due date therefor as a result of the related Obligor’s failure or refusal to pay, then an amount equal to the Repurchase Price for such Purchased Personal Property Tax Receivable shall be charged to IKON via the Dealer Compensation Report (and IKON shall pay such amount to GECITS), consistent with GECITS’ and IKON’s past practice; provided, however, that GECITS will not be obligated to wait for the 270 day period to expire (i) in the event of an upgrade or other termination of any Program Financing Contract or Program Stream Financing Agreement pursuant to Section 6.3, (ii) in the event a Program Financing Contract or Program Stream Financing Agreement becomes a Written-Off Financing Contract, or (iii) with respect to any IKON request to eliminate any Purchased Personal Property Tax Receivable from a customer’s account, which terminations and eliminations (in the case of clauses (i) and (iii)) shall be processed through the Dealer Compensation Report to IKON.
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Related to Loss Allocation

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.