Net Losses from Operations. Except as otherwise provided in this Section 4.2 and subject to Article 7, 8 and 9 hereof, Net Losses from Operations shall be allocated 85% to the Investors, pro rata, and 15% to the Manager.
Appears in 3 contracts
Samples: LLC Operating Agreement (Ridgewood Energy v Fund LLC), LLC Operating Agreement (Ridgewood Energy T Fund LLC), LLC Operating Agreement (Ridgewood Energy S Fund LLC)
Net Losses from Operations. Except as otherwise provided in this Section 4.2 and subject to Article 7, 8 and 9 7 hereof, Net Losses from Operations shall be allocated 85% to the Investors, pro rata, and 15% to the Manager.
Appears in 1 contract
Samples: LLC Operating Agreement (Ridgewood Energy U Fund LLC)
