Examples of Net Losses in a sentence
Except as otherwise provided in Appendix B, the Net Profits of the Company for each fiscal year shall be credited, and the Net Losses incurred by the Company during each fiscal year shall be debited, as of the close thereof, to the Capital Accounts of the Members in the proportion equal to their number of Financial Rights in the Company, or as otherwise mutually agreed.
The allocations contemplated in this Agreement are intended to allocate Net Profits and Net Losses (and items of income, gain, expense, deduction, or loss that are not included in the computation of Net Profits or Net Losses) to the Members in accordance with their economic interests in the Company as set forth in this Agreement while complying with the requirements of Subchapter K of Chapter 1 of Subtitle A of the Code (particularly § 704 thereof) and the Regulations promulgated thereunder.
The sum of (i) the positive or negative balance of the Member’s Capital Account, (ii) the Member’s proportionate share of accrued, but undistributed, Net Profits or Net Losses through the date of the closing of the books of the Company for such purpose; and (iii) an amount equal to the Member’s proportionate share of the “Fair Market Value” (as determined here and in Section XI.5 below) of the tangible real and personal assets of the Company to the extent not reflected in the Capital Account.