Common use of Excess Losses Otherwise Allocable to a Limited Partner Clause in Contracts

Excess Losses Otherwise Allocable to a Limited Partner. To the extent that an item of Loss otherwise allocable to a Limited Partner under Section 4.1(a) would create a negative balance in the Capital Account of such Limited Partner (or increase the amount by which such Capital Account balance is negative), the item shall not be allocated to such Limited Partner but shall instead be specially allocated as follows:

Appears in 4 contracts

Samples: Purchase Agreement (Blockstack Token LLC), Purchase Agreement (Blockstack Token LLC), Blockstack Inc.

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