Common use of Chargeback for Capital Reduction Clause in Contracts

Chargeback for Capital Reduction. Next, to the Partners, to the extent of and in proportion to the amount by which Net Losses charged to each such Partner for the current and all prior Fiscal Years of the Partnership under Section 6.01(a) above exceeds the Net Profits allocated to each such Partner for the current and all prior Fiscal Years of the Partnership pursuant to this Section 6.02 (b);

Chargeback for Capital Reduction. Next, to the Limited Partners, to the extent of and in proportion to the amount by which Net Losses charged to each such Limited Partner for the current and all prior Fiscal Years of the Partnership under Section 6.01(a) above exceeds the Net Profits allocated to each such Limited Partner for the current and all prior Fiscal Years of the Partnership pursuant to this Section 6.02 (b);