Common use of Limitation on Allocation of Items of Loss or Deduction Clause in Contracts

Limitation on Allocation of Items of Loss or Deduction. No items of loss or deduction may be allocated to any Member to the extent such allocation would result in an Adjusted Capital Account deficit balance for such Member. Any items of loss or deduction that are prohibited to be allocated to a Member under the preceding sentence shall be reallocated among the other Members to whom such limitation does not apply in accordance with their relative Ownership Percentage Interests. If, at the end of a Year, any Member has an Adjusted Capital Account deficit balance, such Member shall be allocated items of gross income and gain to the extent necessary to eliminate such deficit balance.

Limitation on Allocation of Items of Loss or Deduction. No ------------------------------------------------------ Company items of loss or deduction may be allocated to any Member to the extent such allocation would result in an Adjusted Capital Account deficit balance for such Member. Any items of loss or deduction that are prohibited to be allocated to a Member under the preceding sentence shall be reallocated among the other Members to whom such limitation does not apply in accordance with their relative Ownership Percentage Interests. If, at the end of a Yearyear, any Member has an Adjusted Capital Account deficit balance, such Member shall be allocated items of gross income and gain to the extent necessary to eliminate such deficit balance.

Limitation on Allocation of Items of Loss or Deduction. No items of loss Loss or deduction may be allocated to any Member to the extent such allocation would result in an Adjusted Capital Account deficit Deficit balance for such Member. Any items of loss Loss or deduction that are prohibited to be allocated to a Member under the preceding sentence shall be reallocated among the other Members to whom such limitation does not apply in accordance with to their relative Ownership Percentage Interests. If, at the end of a Fiscal Year, any Member has an Adjusted Capital Account deficit Deficit balance, such Member shall be allocated items of gross income and gain to the extent necessary to eliminate such deficit Deficit balance.