Losses and Loss Proceeds. 62 17.1 Prompt Notice 62 17.2 Casualty 63 17.3 Substantial Condemnation 63 17.4 Insubstantial Condemnation 64 17.5 Near End of Term 64 17.6 Use of Loss Proceeds 64 17.7 Continuation of Lease 65
Losses and Loss Proceeds
Losses and Loss Proceeds Sample Clauses
Related to Losses and Loss Proceeds
Net Loss After giving effect to the special allocations set forth in Section 6.1(d), Net Loss for each taxable period and all items of income, gain, loss and deduction taken into account in computing Net Loss for such taxable period shall be allocated as follows:
Profits and Losses Distributions Until the admission of additional Members, the Original Member shall be entitled to all allocations of LLC profits and losses and to allocations of distributions.
Trust Account Proceeds Prior to the liquidation of the Trust Account in the event the Company has not completed a Business Combination as required by its Charter Documents (the “Termination Date”), interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company, all as more fully described in the Prospectus.
