Common use of Chargeback of Undistributed Residual Allocations Clause in Contracts

Chargeback of Undistributed Residual Allocations. First, to each Member until the excess of (A) the aggregate amount of Profits allocated to such Member pursuant to Sections 7(a)(iv) and 7(a)(v) for all taxable years over (B) the sum of (x) the aggregate amount of distributions made to such Member pursuant to Section 6(a)(iv) for all taxable years plus (y) the aggregate amount of Losses allocated to such Member pursuant to this Section 7(b)(i) and Section 7(b)(v) for all taxable years equals zero (in proportion to the ratios determined by dividing the amount of such excess by the aggregate amount of such excesses with respect to all Members);

Chargeback of Undistributed Residual Allocations. First, to each Member until the excess of (Ai) the aggregate amount of Profits allocated to such Member pursuant to Sections 7(a)(iv) and 7(a)(vSection 4.1(b)(iv) for all taxable years over (Bii) the sum of (xA) the aggregate amount of distributions made to such Member pursuant to Section 6(a)(iv3.1(e)(iii) for all taxable years plus (yB) the aggregate amount of Losses allocated to such Member pursuant to this Section 7(b)(i) and Section 7(b)(v4.1(a)(i) for all taxable years equals zero (in proportion to the ratios determined by dividing the amount of such excess by the aggregate amount of such excesses with respect to all Members);