Common use of Deduction and Loss Allocations Clause in Contracts

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated to the Depositor. (b) To the extent that an allocation of the gross amount of deductions and losses to the Depositor pursuant to Section 2.12(a) above would cause the Capital Account of the Depositor to be reduced below zero, such excess deductions and losses shall be allocated to the Certificateholders on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the Certificateholders' Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the Depositor. (c) If any deductions or losses have been allocated to the Certificateholders under Section 2.12(b) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(c) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(b) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections 2.11 and 2.12(a) of this Agreement.

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated to the DepositorClass R Certificateholder. (b) To the extent that an allocation of the gross amount of deductions and losses to the Depositor Class R Certificateholder pursuant to Section 2.12(a) above would cause the Capital Account of the Depositor Class R Certificateholder to be reduced below zero, such excess deductions and losses shall be allocated to the Certificateholders on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the Certificateholders' Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the DepositorClass R Certificateholder. (c) If any deductions or losses have been allocated to the Certificateholders under Section 2.12(b) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(c) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(b) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections 2.11 and 2.12(a) of this Agreement.

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated to the DepositorClass R Certificateholder. (b) To the extent that an allocation of the gross amount of deductions and losses to the Depositor Class R Certificateholder pursuant to Section 2.12(a) above would cause the Capital Account of the Depositor Class R Certificateholder to be reduced below zero, such excess deductions and losses shall be allocated to the Certificateholders on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the Certificateholders' ’ Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the DepositorClass R Certificateholder. (c) If any deductions or losses have been allocated to the Certificateholders under Section 2.12(b) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(c) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(b) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections 2.11 and 2.12(a) of this Agreement.

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated to the DepositorClass R Certificateholder. (b) To the extent that an allocation of the gross amount of deductions and losses to the Depositor Class R Certificateholder pursuant to Section 2.12(aSECTION 2.12(A) above would cause the Capital Account of the Depositor Class R Certificateholder to be reduced below zero, such excess deductions and losses shall be allocated to the Certificateholders on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the Certificateholders' Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the DepositorClass R Certificateholder. (c) If any deductions or losses have been allocated to the Certificateholders under Section 2.12(bSECTION 2.12(B) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(cSECTION 2.12(C) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(bSECTION 2.12(B) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections SECTIONS 2.11 and 2.12(a2.12(A) of this Agreement.

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated to the DepositorDepositors in accordance with their respective Depositor Allocation Percentages. (b) To the extent that an allocation of the gross amount of deductions and losses to the Depositor Depositors pursuant to Section 2.12(a) above would cause the Capital Account Accounts of the Depositor Depositors to be reduced below zero, such excess deductions and losses shall be allocated to the Certificateholders on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the Certificateholders' Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the DepositorDepositors in accordance with their respective Depositor Allocation Percentages. (c) If any deductions or losses have been allocated to the Certificateholders under Section 2.12(b) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(c) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(b) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections 2.11 and 2.12(a) of this Agreement.

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated in accordance with the General Partner Percentage to the General Partner and in accordance with the Offered Percentage to the Depositor. (b) To the extent that an allocation of the gross amount of deductions and losses to the General Partner and the Depositor pursuant to Section 2.12(a) above would cause the Capital Account Accounts of the Depositor General Partner and the Seller to be reduced below zero, zero such excess deductions and losses shall be allocated to the Certificateholders (other than the General Partner) on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the CertificateholdersOwners' Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the DepositorGeneral Partner. (c) If any deductions or losses have been allocated to the Certificateholders (other than the General Partner) under Section 2.12(b) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(c) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(b) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections 2.11 and 2.12(a) of this Agreement.

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated to the DepositorCertificateholders in accordance with their respective Certificate Interests. (b) To the extent that an allocation of the gross amount of deductions and losses to the Depositor Certificateholders pursuant to Section 2.12(a) above would cause the Capital Account Accounts of the Depositor Certificateholders to be reduced below zero, such excess deductions and losses shall be allocated to the Certificateholders on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the Certificateholders' Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the DepositorCertificateholders in accordance with their respective Certificate Interests. (c) If any deductions or losses have been allocated to the Certificateholders under Section 2.12(b) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(c) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(b) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections 2.11 and Section 2.12(a) of this Agreement.

Deduction and Loss Allocations. (a) All items of deduction and loss of the Issuer shall be allocated to the DepositorClass R Certificateholders. (b) To the extent that an allocation of the gross amount of deductions and losses to the Depositor Class R Certificateholders pursuant to Section 2.12(a) above would cause the Capital Account Accounts of the Depositor Class R Certificateholders to be reduced below zero, such excess deductions and losses shall be allocated to the Certificateholders on a pro rata basis until each of their Capital Accounts has been reduced to zero. If any amount of gross deduction or loss has not been allocated pursuant to the preceding sentence because all of the Certificateholders' ’ Capital Accounts have been reduced to zero, the amount of such remaining unallocated deductions or losses shall be allocated to the DepositorClass R Certificateholders. (c) If any deductions or losses have been allocated to the Certificateholders under Section 2.12(b) above, an amount of gross income shall be allocated to such Certificateholders under this Section 2.12(c) in subsequent taxable years sufficient to offset the amount of any deductions or losses previously allocated to such Certificateholders under Section 2.12(b) above and, thereafter, allocations of gross income and deductions shall be made in accordance with Sections 2.11 and 2.12(a) of this Agreement.