Common use of No Excess Deficit Clause in Contracts

No Excess Deficit. To the extent that any Member has or would have, as a result of an allocation of Loss (or item thereof), an Adjusted Capital Account Deficit, such amount of Loss (or item thereof) shall be allocated to the other Members in accordance with Section 8.02(a), but in a manner which will not produce an Adjusted Capital Account Deficit as to such Members. To the extent such allocation would result in all Members having Adjusted Capital Account Deficits, such Loss shall be allocated to the Managing Members.

No Excess Deficit. To the extent that any Member has or would have, as a result of an allocation of Loss (or item thereof), ) an Adjusted Capital Account Deficit, such amount of Loss (or item thereof) shall be allocated to the other Members in accordance with Section 8.02(a)7.1, but in a manner which will not produce an Adjusted Capital Account Deficit as to such Members. To the extent such allocation would result in all Members having Adjusted Capital Account Deficits, such Loss shall be allocated to the Managing MembersMembers in accordance with their Percentage Interest.

No Excess Deficit. To the extent that any Member has or would have, as a result of an allocation of Loss loss (or an item thereof), an Adjusted Capital Account Deficit, such amount of Loss loss (or an item thereof) shall be allocated to the other Members in accordance with Section 8.02(a)this Paragraph 1.3, but in a manner which will not produce an Adjusted Capital Account Deficit as to any such Members. To the extent such allocation would result in all Members having Adjusted Capital Account Deficits, such Loss shall be allocated to the Managing MembersMember.

No Excess Deficit. To the extent that any Member has or would have, as a result of an allocation of Net Loss (or item thereof), an Adjusted Capital Account Deficit, such amount of Net Loss (or item thereof) shall be allocated to the other Members in accordance with Section 8.02(a5.1(b), but in a manner which will not produce an Adjusted Capital Account Deficit as to such MembersMember. To the extent such allocation would result in all Members having Adjusted Capital Account Deficits, such Net Loss (or item thereof) shall be allocated to the Managing MembersMember.

No Excess Deficit. To the extent that any Member has or would have, as a result of an allocation of Loss (or item thereof), an Adjusted Capital Account Deficit, such amount of Loss (or item thereof) shall be allocated to the other Members in accordance with Section 8.02(a)2.1 of this Appendix A, but in a manner which will not produce an Adjusted Capital Account Deficit as to such Members. To the extent such allocation would result in all Members having Adjusted Capital Account Deficits, such Loss shall be allocated to the Managing Members.