Reallocation to Avoid Excess Deficit Balances. Notwithstanding any other provisions of the Agreement, no Book loss or deduction shall be allocated to any Member to the extent that such allocation would cause or increase an Excess Deficit Balance in the Capital Account of such Member. Such Book loss or deduction shall be reallocated away from such Member and to the other Members in accordance with the Agreement, but only to the extent that such reallocation would not cause or increase Excess Deficit Balances in the Capital Accounts of such other Members.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.), Limited Liability Company Agreement (Rouse Properties, Inc.)
Reallocation to Avoid Excess Deficit Balances. Notwithstanding any other provisions of the Agreement, no Book loss or deduction Loss shall be allocated to any Member to the extent that such allocation would cause or increase an Excess Deficit Balance in the Capital Account of such Member. Such Book loss or deduction Loss shall be reallocated away from such Member and to the other Members in accordance with the Agreement, but only to the extent that such reallocation would not cause or increase Excess Deficit Balances in the Capital Accounts of such other Members.
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Reallocation to Avoid Excess Deficit Balances. Notwithstanding --------------------------------------------- any other provisions of the Agreement, no Book loss or deduction shall be allocated to any Member to the extent that such allocation would cause or increase an Excess Deficit Balance in the Capital Account of such Member. Such Book loss or deduction shall be reallocated away from such Member and to the other Members in accordance with the Agreement, but only to the extent that such reallocation would not cause or increase Excess Deficit Balances in the Capital Accounts of such other Members.
Appears in 2 contracts
Samples: Members Agreement (Ebs Litigation LLC), Members Agreement (Ebs Pension LLC)
Reallocation to Avoid Excess Deficit Balances. Notwithstanding any other provisions of the Agreement, no Book loss or deduction shall be allocated to any Member Partner to the extent that such allocation would cause or increase an Excess Deficit Balance in the Capital Account of such MemberPartner. Such Book loss or deduction shall be reallocated away from such Member Partner and to the other Members Partners in accordance with the Agreement, but only to the extent that such reallocation would not cause or increase Excess Deficit Balances excess deficit balances in the Capital Accounts of such other MembersPartners.
Appears in 1 contract
Samples: Agreement (WTNH Broadcasting Inc)
