Deficit Balance. Net Losses shall not be allocated to the Limited Partners if such allocation would, together with any decrease (and increase) of the Limited Partner's Capital Account pursuant to the provisions of the Regulations Sections 1.704-1, (5) and (6), cause or increase a deficit balance. Each Limited Partner's Capital Account adjusted as provided by this Section 6.06(a) shall be referred to as the "Adjusted Capital Account."
Appears in 3 contracts
Samples: Limited Partnership Agreement (Madyson Equity Group, LP), Limited Partnership Agreement (Madyson Equity Group, LP), Limited Partnership Agreement (Madyson Equity Group, LP)
Deficit Balance. Net Losses shall not be allocated to the Limited Partners if such allocation would, together with any decrease (and increase) of the Limited Partner's ’s Capital Account pursuant to the provisions of the Regulations Sections 1.704-1, (5) and (6), cause or increase a deficit balance. Each Limited Partner's ’s Capital Account adjusted as provided by this Section 6.06(a) shall be referred to as the "“Adjusted Capital Account."”
Appears in 1 contract
Samples: Limited Partnership Agreement (Bridgewell Preferred Income Fund, LP)
