Losses from Operations. Except as otherwise provided in this Article 5, Losses for each Fiscal Year shall be allocated to the Members as follows:
(i) First, to the Members, in proportion to their respective positive Capital Account balances, until such balances shall be reduced to zero; and for the period between the Initial Close and the end of the year and/or the end of the year in which the Closing of the Fund occurs (Initial Period): proportional to the number days the Membership interest was owned compared to the number of day in the Initial Period/or year end.
(ii) Thereafter, sixty-five percent (65%) to the Members (other than the Manager or its Affiliates), pro rata, in accordance with the number of Units held, except for the period between the Initial Close and the end of the year and/or the end of the year in which the Closing of the Fund occurs (Initial Period): proportional to the number days the Membership interest was owned compared to the number of day in the Initial Period/or year end and thirty-five percent (35%) to the Manager.
Losses from Operations. After taking into account any special allocations pursuant to Section 4.2 and subject to any limitations contained therein, Losses from any source other than a Capital Event for any year or portion thereof shall be allocated among the Partners in accordance with their Profits Interests.
Losses from Operations. Except as otherwise provided in this Article 5, Losses for each Fiscal Year shall be allocated to the Members as follows:
(i) First, to the Class A Members, in proportion to their respective positive Capital Account balances, until such balances shall be reduced to zero; and for the period between the Initial Close and the end of the year and/or the end of the year in which the Closing of the Fund occurs (Initial Period): proportional to the number days the Membership interest was owned compared to the number of day in the Initial Period/or year end.
(ii) Simultaneously with 5.1(b)(ii) and (iii), to the Class A- 1 Members, eighty percent (80%) allocated to their class as a proportion of the amount of funds raised within the class to the total amount of funds raised from Members overall (other than the Manager or its Affiliates), pro rata, in accordance with the number of Units held, except for the period between the Initial Close and the end of the year and/or the end of the year in which the Closing of the Fund occurs (Initial Period): proportional to the number days the Membership interest was owned compared to the number of day in the Initial Period/or year end and twenty (20%) to the Manager
(iii) Simultaneously with 5.1(b)(i) and (iii) to the Class A-2 Members, seventy-five percent (75%) allocated to their class as a proportion of the amount of funds raised within the class to the total amount of funds raised from Members overall (other than the Manager or its Affiliates), pro rata, in accordance with the number of Units held, except for the period between the Initial Close and the end of the year and/or the end of the year in which the Closing of the Fund occurs (Initial Period): proportional to the number days the Membership interest was owned compared to the number of day in the Initial Period/or year end and twenty- five (25%) to the Manager;
(iv) Simultaneously with 5.1(b)(i) and (ii), to the Class A-3 Members, sixty-five percent (65%) allocated to their Class as a proportion of the amount of funds raised within the class to the total amount of funds raised from Members overall (other than the Manager or its Affiliates), pro rata, in accordance with the number of Units held, except for the period between the Initial Close and the end of the year and/or the end of the year in which the Closing of the Fund occurs (Initial Period): proportional to the number days the Membership interest was owned compared to the number of day in the Initial Period/o...
Losses from Operations. Losses from any source other than a Capital Event shall be allocated among the Members as follows:
(a) First, 50% to MOS and 50% to JWE until the Members have been allocated cumulative Losses pursuant to this Section 4.1.2
(a) for the current year and all prior years equal to the cumulative Profits allocated pursuant to Section 4.1.1
Losses from Operations. Profits from Operations of the Company for each taxable year shall be allocated among the Members, pro rata in proportion to their relative Profits Percentages in the following order of priority:
(i) First, after taking into account the Distributions pursuant to Sections 8.1(b) and 8.2(c), to the Preferred Members until each such Member’s Preferred Basis shall have been reduced to zero;
(ii) Thereafter, among the Members pro rata in proportion to their relative Profits Percentages.
