Loss Allocation Limitation. No allocation of Net Loss (or items thereof) shall be made to any Member to the extent that such allocation would create or increase an Adjusted Capital Account Deficit with respect to such Member.
Appears in 8 contracts
Samples: Operating Agreement (Excelsior Buyout Investors LLC), Limited Liability Company Agreement (Marsh & McLennan Companies Inc), Operating Agreement (Excelsior Venture Partners Fund Iii LLC)
