Common use of Special Loss Allocation Clause in Contracts

Special Loss Allocation. If the Company incurs Losses at any time when the Members’ Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated to the Members in proportion to their Percentage Interests.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Columbia Equity Trust, Inc.)

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Special Loss Allocation. If the Company incurs Losses at any time when the Members' Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated to the Members in proportion to their Percentage Interests.

Appears in 2 contracts

Samples: Operating Agreement (Udc Homes Inc), Operating Agreement (Udc Homes Inc)

Special Loss Allocation. If the Company incurs Losses at any time when the Members' Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated to the Members in proportion to their Percentage Intereststhe Equity Ratio.

Appears in 1 contract

Samples: Operating Agreement (United Park City Mines Co)

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Special Loss Allocation. If the Company incurs Losses at any time when the Members’ Adjusted Capital Account Balances have been reduced to or below zero, such Losses shall be allocated 50% to each of the Members in proportion to their Percentage InterestsMembers.

Appears in 1 contract

Samples: Operating Agreement (A & B II, Inc.)

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