Deficit Capital Accounts and Qualified Income Offset. Notwithstanding any provision of this Agreement to the contrary, an allocation of loss or deduction which would result in a party having a deficit Capital Account balance as of the end of the taxable year to which the allocation relates, if charged to the party, to the extent the Participant is not required to restore the deficit to the Partnership, taking into account:
Appears in 8 contracts
Samples: Partnership Agreement (Atlas Resources Series 33-2013 L.P.), Limited Partnership Agreement (DGOC Series 18C LP), Limited Partnership Agreement (DGOC Series 18B LP)
Deficit Capital Accounts and Qualified Income Offset. Notwithstanding any provision provisions of this Agreement to the contrary, an allocation of loss or deduction which would result in a party having a deficit Capital Account balance as of the end of the taxable year to which the allocation relates, if charged to the party, to the extent the Participant is not required to restore the deficit to the Partnership, taking into account:
Appears in 3 contracts
Samples: Limited Partnership Agreement (Atlas America Public #15-2005 Program), Limited Partnership Agreement (Atlas America Public #15-2005 (B) L.P.), Limited Partnership Agreement (Atlas America Public #14-2005 (A) LP)
Deficit Capital Accounts and Qualified Income Offset. Notwithstanding any provision of this Agreement to the contrary, an allocation of loss or deduction which that would result in a party having a deficit Capital Account balance as of the end of the taxable year to which the allocation relates, if charged to the party, to the extent the Participant is not required to restore the deficit to the Partnership, taking into account:
Appears in 1 contract
Samples: Limited Partnership Agreement (Atlas America Series 27-2006 LP)
