Common use of Limitation on Loss Allocations Clause in Contracts

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b) with respect to any Fiscal Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Capital Account balance. All Losses in excess of the limitation set forth in this Section 7.1(c)(i) shall be allocated (1) first, to those Members who will not be subject to this limitation, in the ratio that their Membership Interests bear to each other, and (2) second, any remaining amount to the Members in the manner required by the Code and the Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b) with respect to any Fiscal Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an a negative Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Adjusted Capital Account balance. All Losses in excess of the limitation set forth in this Section 7.1(c)(i) shall be allocated allocated (1) first, to those Members who will not be subject to this limitation, in the ratio that their Membership Interests Ownership Percentages bear to each other, and (2) second, any remaining amount to the Members in the manner required by the Code and the Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b) with respect to any Fiscal Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Capital Account balance. All Losses in excess of the limitation set forth in this Section 7.1(c)(i) shall be allocated (1) first, to those Members who will not be subject to this limitation, in the ratio that their Membership Interests Ownership Percentages bear to each other, and (2) second, any remaining amount to the Members in the manner required by the Code and the Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b) with respect to any Fiscal Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an a negative Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Adjusted Capital Account balance. All Losses in excess of the limitation set forth in this Section 7.1(c)(i) shall be allocated (1) first, to those Members who will not be subject to this limitation, in the ratio that their Membership Interests Ownership Percentages bear to each other, and (2) second, any remaining amount to the Members in the manner required by the Code and the Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b4.2(b) with respect to any Fiscal Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Capital Account balanceYear. All Losses in excess of the limitation set forth in this Section 7.1(c)(i4.2(c)(i) (the “Excess Losses”) shall be allocated allocated (1) first, to those Members who will not be subject to this limitation, in the ratio that their Membership Percentage Interests bear to each other, and (2) second, any remaining amount to the Members in the manner required by the Code and the Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b) 6.6 with respect to any Fiscal Allocation Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an a negative Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Capital Account balanceAllocation Year. All Losses otherwise allocable to a Member in excess of the limitation set forth in this Section 7.1(c)(i6.7(d) shall be allocated (1i) first, to those Members who will are not be subject to this limitation, limitation in the ratio that their Membership Interests bear to each otheraccordance with Section 6.6, and (2ii) second, any remaining amount to the Members in the manner required by the Code and the Treasury Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b3.2(a) with respect to any Fiscal Year year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Capital Account balanceyear. All Losses in excess of the limitation set forth in this Section 7.1(c)(i3.2(b)(i)(C) shall be allocated as follows and in the following order of priority: (1) first, to those Members who will not be subject to this limitation, in the ratio that proportion to their Membership Interests bear to each other, and Sharing Ratios; and (2) second, any remaining amount to the Members in the manner required by the Code and the Treasury Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b5.03(b) with respect to any Fiscal Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Capital Account balanceYear. All Losses in excess of the limitation set forth in this Section 7.1(c)(i5.03(c)(i)(A) shall be allocated (1) first, to those Members who will not be subject to this limitation, in the ratio that their Membership Interests Sharing Ratios bear to each other, and (2) second, any remaining amount to the Members in the manner required by the Code and the Regulations.

Limitation on Loss Allocations. The Losses allocated to any Member pursuant to Section 7.1(b) 6.1.1 with respect to any Fiscal Year shall not exceed the maximum amount of Losses that can be so allocated without causing such Member to have an Adjusted Capital Account Deficit at the end of such Fiscal Year if any other Member has a positive Capital Account balanceYear. All Losses in excess of the limitation set forth in this Section 7.1(c)(i) immediately above shall be allocated (1i) first, to those Members who will not be subject to this limitation, in the ratio that their Membership Interests Sharing Ratios bear to each other, and (2ii) second, any remaining amount to the Members in the manner required by the Code and the Treasury Regulations.