Common use of Loss Allocation Limitation Clause in Contracts

Loss Allocation Limitation. No allocation of Net Loss (or items thereof) shall be made to any Partner to the extent that such allocation would create or increase an Adjusted Capital Account Deficit with respect to such Partner.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Kiewit Investment Fund LLLP), Limited Partnership Agreement (Kiewit Investment Fund LLLP), Limited Partnership Agreement (Horton D R Inc /De/)

AutoNDA by SimpleDocs

Loss Allocation Limitation. No allocation of Net Loss (or items thereof) shall be made to any Partner to the extent that such allocation would create or increase an Adjusted Capital Account Deficit deficit with respect to such Partner. Any amount of Net Loss (or items thereof) that cannot be allocated to a Partner pursuant to this Section 6.1(b)(ix) generally will be allocated among the other Partners in accordance with Section 6.1.

Appears in 5 contracts

Samples: Limited Partnership Agreement (NextEra Energy Partners, LP), Limited Partnership Agreement (NextEra Energy Partners, LP), Limited Partnership Agreement (NextEra Energy Partners, LP)

AutoNDA by SimpleDocs

Loss Allocation Limitation. No allocation of Net Loss loss or deduction (or items thereof) shall be made to any Partner to the extent that such allocation would create or increase an Adjusted Capital Account Deficit adjusted capital account deficit with respect to such Partner.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Quinlan Jim Chevrolet Co), Limited Partnership Agreement (Quinlan Jim Chevrolet Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!