Common use of Net Loss From Capital Transactions Clause in Contracts

Net Loss From Capital Transactions. (a) If any Net Profit has been allocated to the Partners pursuant to Section 4.6.1 or Section 4.6.3, then Net Loss from Capital Transactions shall first be allocated to the Partners, in the same proportions as such Net Profit was allocated, until each Partner's Capital Account balance equals what it would have been had there been no such allocation of Net Profit.

Appears in 5 contracts

Samples: Agreement (Txi Transportation Co), Txi Transportation Co, Us Concrete Inc

AutoNDA by SimpleDocs

Net Loss From Capital Transactions. (a) If any Net Profit has been allocated to the Partners pursuant to Section 4.6.1 or Section 4.6.3, then Net Loss from Capital Transactions shall first be allocated to the Partners, in the same proportions as such Net Profit was allocated, until each Partner's ’s Capital Account balance equals what it would have been had there been no such allocation of Net Profit.

Appears in 2 contracts

Samples: Agreement (American Materials Transport, Inc.), American Materials Transport, Inc.

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!