Common use of Net Loss From Operations Clause in Contracts

Net Loss From Operations. (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 Operations 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. (b) After any allocation required pursuant to Section 4.6.2 (a) Net Loss from Operations shall be allocated among the Partners in proportion to their Capital Accounts until such Capital Account balances equal zero. (c) After any allocation required pursuant to Section 4.6.2(b), Net Loss from Operations shall be allocated to the General Partner.

Net Loss From Operations. (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 Operations 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. (b) After any allocation required pursuant to Section 4.6.2 (a4.6.2(a) Net Loss from Operations shall be allocated among the Partners in proportion to their Capital Accounts until such Capital Account balances equal zero. (c) After any allocation required pursuant to Section 4.6.2(b), Net Loss from Operations shall be allocated to the General Partner.