Common use of Net Loss From Capital Transactions Clause in Contracts

Net Loss From Capital Transactions. (a) If any Net Profit has been allocated to the Partners pursuant to Section 4.6.1 or Section 4.6.3, then Net Loss from Capital Transactions shall first be allocated to the Partners, in the same proportions as such Net Profit was allocated, until each Partner's Capital Account balance equals what it would have been had there been no such allocation of Net Profit. (b) After any allocation required pursuant to Section 4.6.4 (a) Net Loss from Capital Transactions shall be allocated among the Partners in proportion to their Capital Accounts until such Capital Account balances equal zero. (c) After any allocation required pursuant to Section 4.6.4(b), Net Loss from Capital Transactions shall be allocated to the General Partner.

Appears in 4 contracts

Samples: Limited Partnership Agreement (Txi Transportation Co), Limited Partnership Agreement (Us Concrete Inc), Limited Partnership Agreement (Txi Transportation Co)

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Net Loss From Capital Transactions. (a) If any Net Profit has been allocated to the Partners pursuant to Section 4.6.1 or Section 4.6.3, then Net Loss from Capital Transactions shall first be allocated to the Partners, in the same proportions as such Net Profit was allocated, until each Partner's ’s Capital Account balance equals what it would have been had there been no such allocation of Net Profit. (b) After any allocation required pursuant to Section 4.6.4 (a4.6.4(a) Net Loss from Capital Transactions shall be allocated among the Partners in proportion to their Capital Accounts until such Capital Account balances equal zero. (c) After any allocation required pursuant to Section 4.6.4(b), Net Loss from Capital Transactions shall be allocated to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (American Materials Transport, Inc.)

Net Loss From Capital Transactions. (a) If any Net Profit has been allocated to the Partners pursuant to Section 4.6.1 or Section 4.6.3, then Net Loss from Capital Transactions shall first be allocated to the Partners, in the same proportions as such Net Profit was allocated, until each Partner's Capital Account balance equals what it would have been had there been no such allocation of Net Profit. (b) After any allocation required pursuant to Section 4.6.4 (a) Net Loss Lost from Capital Transactions shall be allocated among the Partners in proportion to their Capital Accounts until such Capital Account balances equal zero. (c) After any allocation required pursuant to Section 4.6.4(b), Net Loss from Capital Transactions shall be allocated to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Txi Transportation Co)

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Net Loss From Capital Transactions. (a) If any Net Profit has been allocated to the Partners pursuant to Section 4.6.1 or Section 4.6.3, then Net Loss from Capital Transactions shall first be allocated to the Partners, in the same proportions as such Net Profit was allocated, until each Partner's ’s Capital Account balance equals what it would have been had there been no such allocation of Net Profit. (b) After any allocation required pursuant to Section 4.6.4 (a4.6.4(a) Net Loss Lost from Capital Transactions shall be allocated among the Partners in proportion to their Capital Accounts until such Capital Account balances equal zero. (c) After any allocation required pursuant to Section 4.6.4(b), Net Loss from Capital Transactions shall be allocated to the General Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (American Materials Transport, Inc.)

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