Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the Members, no Member may be allocated Loss in any taxable year that would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 3 contracts
Samples: Operating Agreement (Auor Capital Fund v LLC), Limited Liability Company Agreement (Genelux Corp), Operating Agreement (Auor Capital Fund v LLC)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the MembersVoting Member Majority, no Member may shall be allocated Loss in any taxable year that would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Inergy L P), Limited Liability Company Agreement (Inergy L P), Limited Liability Company Agreement (Inergy L P)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the MembersManagers, no Member may shall be allocated Loss in any Fiscal Year or other taxable year period that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable yearperiod.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (CHS Inc), Limited Liability Company Agreement (CHS Inc), Limited Liability Company Agreement (Cenex Harvest States Cooperatives)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IVXII, unless otherwise agreed to by all of the MembersManagers, no Member may shall be allocated Loss in any taxable year that which would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 2 contracts
Samples: Operating Agreement (Land O Lakes Inc), Limited Liability Company Agreement (Land O Lakes Inc)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the Members, no Member may shall be allocated Loss in any taxable year that which would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 2 contracts
Samples: Operating Agreement (First American Capital Corp /Ks), Operating Agreement (First American Capital Corp /Ks)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all a Supermajority in Interest of the Members, no Member may shall be allocated Loss in any taxable year that would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
Samples: Operating Agreement
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IVARTICLE 4 of the Agreement, unless otherwise agreed to by all of the Members, no Member may will be allocated Loss in any taxable year that which would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
Samples: Limited Liability Company Agreement (IMH Financial Corp)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV4 of the Agreement, unless otherwise agreed to by all of the Members, no Member may will be allocated Loss in any taxable year that which would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to determined by all of the Voting Members, no Member may will be allocated Loss in any taxable year that would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Inergy Holdings LLC)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV9 of the Agreement, unless otherwise agreed to by all of the Members, no Member may will be allocated Loss in any taxable year that which would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
Samples: Operating Agreement (Aspen Mortgage Income Fund II, LLC)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the Members, no Member may shall be allocated Loss in any taxable year that would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
Samples: Operating Agreement (Tortoise Total Return Fund, LLC)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the Members, no Member may shall be allocated Loss in any taxable year that would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cenex Harvest States Cooperatives)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the Members, no Member may will be allocated Loss in any taxable year that would cause or increase an Adjusted Capital Account Deficit as of the end of such taxable year.
Appears in 1 contract
