Gross Income Allocations. Each Member who has an Adjusted Capital Account Deficit at the end of any Fiscal Year will be specially allocated, as quickly as possible, items of gross income and gain in the amount of such deficit.
Appears in 3 contracts
Samples: Operating Agreement (General Automotive Co), Operating Agreement (Jack Miller Family Limited Partnership 1), Operating Agreement (Tekoil & Gas Corp)
Gross Income Allocations. Each If the Member who has an Adjusted Capital Account Deficit at the end of any Fiscal Year Year, it will be specially allocated, as quickly as possible, items of gross income and gain in the amount of such deficit.
Appears in 2 contracts
Samples: Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.), Operating Agreement (HTS-Sunset Harbor Partner, L.L.C.)
Gross Income Allocations. Each Member Partner who has an Adjusted Capital Account Deficit at the end of any Fiscal Year will be specially allocated, as quickly as possible, items of gross income and gain in the amount of such deficit.
Appears in 1 contract
Samples: Limited Partnership Agreement (CNL Income Mesa Del Sol, LLC)
