Common use of Net Losses Clause in Contracts

Net Losses. Net Losses (which the excess of Losses over Profits) for each Fiscal Year of the Company shall be allocated: a. To and among the Members pro-rate according to their respective Percentage Interests; however; b. Net Losses allocated pursuant to Section 2.1.2(a) hereof shall not exceed the maximum Amount of Losses that can be so allocated without causing any Member to have an adjusted Capital Account deficit at the end of any Fiscal Year. In the event some but not all of the Members would have adjusted Capital Account deficits as a consequence of an allocation of Net Losses pursuant to Section 2.1.2(a), the limitation set forth in this Section 2.1.2(b) ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans | 56 Company Operating Agreement shall be applied on a Member by Member basis so as to allocate the maximum permissible Net Losses to each Member under Treasury Regulation section 1.704-1(b)(2)(ii)(d).

Net Losses. Net Losses (which is the excess of Losses over Profits) for each Fiscal Year of the Company shall be allocated: a. To and among the Members pro-rate rata according to their respective Percentage Interests; however; b. Net Losses allocated pursuant to Section 2.1.2(a) hereof shall not exceed the maximum Amount amount of Losses that can be so allocated without causing any Member to have an adjusted Capital Account deficit at the end of any Fiscal Year. In the event some but not all of the Members would have adjusted Capital Account deficits as a consequence of an allocation of Net Losses pursuant to Section 2.1.2(a), the limitation set forth in this Section 2.1.2(b) ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans | 56 Company Operating Agreement shall be applied on a Member by Member basis so as to allocate the maximum permissible Net Losses to each Member under Treasury Regulation section 1.704-1(b)(2)(ii)(d1.704‑1(b)(2)(ii)(d).

Net Losses. Net Losses (which is the excess of Losses over Profits) for each Fiscal Year of the Company shall be allocated: a. To and among the Members pro-rate rata according to their respective Percentage Interests; however; b. Net Losses allocated pursuant to Section 2.1.2(a) hereof shall not exceed the maximum Amount amount of Losses that can be so allocated without causing any Member to have an adjusted Capital Account deficit at the end of any Fiscal Year. In the event some but not all of the Members would have adjusted Capital Account deficits as a consequence of an allocation of Net Losses pursuant to Section 2.1.2(a), the limitation set forth in this Section 2.1.2(b) ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans | 56 Company Operating Agreement shall be applied on a Member by Member basis so as to allocate the maximum permissible Net Losses to each Member under Treasury Regulation section 1.704-1(b)(2)(ii)(d).

Net Losses. Net Losses (which is the excess of Losses over Profits) for each Fiscal Year of the Company shall be allocated: a. To and among the Members pro-rate rata according to their respective Percentage Interests; however; b. Net Losses allocated pursuant to Section 2.1.2(a) hereof shall not exceed the maximum Amount amount of Losses that can be so allocated without causing any Member to have an adjusted Capital Account deficit at the end of any Fiscal Year. In the event some but not all of the Members would have adjusted Capital Account deficits as a consequence of an allocation of Net Losses pursuant to Section 2.1.2(a), the limitation set forth in this Section 2.1.2(b) ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans | 56 Company Operating Agreement shall be applied on a Member by Member basis so as to allocate the maximum permissible Net Losses to each Member under Treasury Regulation section 1.704-1.704 1(b)(2)(ii)(d).

Net Losses. Net Losses (which is the excess of Losses over Profits) for each Fiscal Year of the Company shall be allocated: a. To and among the Members pro-rate rata according to their respective Percentage Interests; , however; b. Net Losses allocated pursuant to Section 2.1.2(a) hereof shall not exceed the maximum Amount amount of Losses that can be so allocated without causing any Member to have an adjusted Capital Account deficit at the end of any Fiscal Year. In the event some but not all of the Members would have adjusted Capital Account deficits as a consequence of an allocation of Net Losses pursuant to Section 2.1.2(a), the limitation set forth in this Section 2.1.2(b) ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans | 56 Company Operating Agreement shall be applied on a Member by Member basis so as to allocate the maximum permissible Net Losses to each Member under Treasury Regulation section 1.704-1(b)(2)(ii)(d1.704‑1(b)(2)(ii)(d).

Net Losses. Net Losses (which is the excess of Losses over Profits) for each Fiscal Year of the Company shall be allocated: a. To ▇▇ and among the Members pro-rate rata according to their respective Percentage Interests; however; b. Net ▇▇▇ Losses allocated pursuant to Section 2.1.2(a) hereof shall not exceed the maximum Amount amount of Losses that can be so allocated without causing any Member to have an adjusted Capital Account deficit at the end of any Fiscal Year. In the event some but not all of the Members would have adjusted Capital Account deficits as a consequence of an allocation of Net Losses pursuant to Section 2.1.2(a), the limitation set forth in this Section 2.1.2(b) ▇▇▇▇▇▇▇ Homes ▇▇▇▇▇▇▇ Loans | 56 Company Operating Agreement shall be applied on a Member by Member basis so as to allocate the maximum permissible Net Losses to each Member under Treasury Regulation section 1.704-1(b)(2)(ii)(d).