Deficit Capital Accounts and Qualified Income Offset. Notwithstanding any 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 9 contracts
Samples: Certificate and Agreement (Atlas America Public #15-2005 (B) L.P.), Certificate and Agreement (Atlas America Public #14-2005 (A) LP), Certificate and Agreement (Atlas America Public #15-2005 Program)
Deficit Capital Accounts and Qualified Income Offset. Notwithstanding any provisions 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.), Certificate and Agreement (DGOC Series 18C LP), Certificate and Agreement (DGOC Series 18B LP)
Deficit Capital Accounts and Qualified Income Offset. Notwithstanding any provisions 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: Certificate and Agreement (Atlas America Series 27-2006 LP)
