Common use of Limit on Loss Allocations Clause in Contracts

Limit on Loss Allocations. Notwithstanding the provisions of 4.2(b) or any other provision of this Agreement to the contrary, Losses (or items thereof) will not be allocated to a Member if such allocation would cause or increase a Member's Adjusted Capital Account Deficit and will be reallocated to the other Members in proportion to their Ownership Interests, subject to the limitations of this 4.8.

Appears in 2 contracts

Samples: Operating Agreement (Tci Satellite Entertainment Inc), Operating Agreement (Tci Satellite Entertainment Inc)

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Limit on Loss Allocations. Notwithstanding the provisions of 4.2(bSection 6.6(a) or any other provision of this Agreement to the contrary, Losses (or items thereof) will not be allocated to a Member if such allocation would cause or increase a Member's Adjusted Capital Account Deficit and will be reallocated to the other Members in proportion to their Ownership Percentage Interests, subject to the limitations of this 4.8Section 6.6(c)(vii).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tefron LTD)

Limit on Loss Allocations. Notwithstanding the provisions of 4.2(b) 4.1, or any other provision of this Agreement to the contrary, Losses Net Loss (or items thereof) will not be allocated to a Member if such allocation would cause or increase a such Member's Adjusted Capital Account Deficit and will be reallocated to the other Members in proportion to their Ownership InterestsMembers, subject to the limitations of this 4.84.3.

Appears in 1 contract

Samples: Operating Agreement (Liberty Media International Inc)

Limit on Loss Allocations. Notwithstanding the provisions of 4.2(b) 4.2 or any ------------------------- other provision of this Agreement to the contrary, Losses (or items thereof) will not be allocated to a Member if such allocation would cause or increase a Member's Adjusted Capital Account Deficit and will be reallocated to the other Members in proportion to their Ownership Interests, subject to the limitations of this 4.8.

Appears in 1 contract

Samples: Operating Agreement (FLN Finance Inc)

Limit on Loss Allocations. Notwithstanding the provisions of 4.2(b) 4.2[b] or ------------------------- any other provision of this Agreement to the contrary, Losses (or items thereof) will not be allocated to a Member if such allocation would cause or increase a Member's Adjusted Capital Account Deficit and will be reallocated to the other Members in proportion to their Ownership Interests, subject to the limitations of this 4.8.

Appears in 1 contract

Samples: Operating Agreement (FLN Finance Inc)

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Limit on Loss Allocations. Notwithstanding the provisions of 4.2(b) 4.2 or ------------------------- any other provision of this Agreement to the contrary, Losses (or items thereof) will not be allocated to a Member if such allocation would cause or increase a Member's Adjusted Capital Account Deficit and will be reallocated to the other Members in proportion to their Ownership Interests, subject to the limitations of this 4.8.

Appears in 1 contract

Samples: Operating Agreement (FLN Finance Inc)

Limit on Loss Allocations. Notwithstanding the provisions of 4.2(b) 4.2 ------------------------- or any other provision of this Agreement to the contrary, Losses (or items thereof) will not be allocated to a Member if such allocation would cause or increase a Member's Adjusted Capital Account Deficit and will be reallocated to the other Members in proportion to their Ownership Interests, subject to the limitations of this 4.8.

Appears in 1 contract

Samples: Operating Agreement (FLN Finance Inc)

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