Reversal of Mandatory Allocations. In the event that any Gross Income or Net Loss is allocated pursuant to Section 4.7 through 4.10, subsequent Gross Income, Net Profit or Net Loss (or items thereof) will first be allocated (subject to Sections 4.7 through 4.10) to the Partners in a manner which will result in each Partner having a Capital Account balance equal to that which would have resulted had the original allocation of Gross Income or Net Loss (or items thereof) pursuant to Sections 4.7 through 4.10 not occurred.
Appears in 7 contracts
Samples: Limited Partnership Agreement (American Materials Transport, Inc.), Limited Partnership Agreement (American Materials Transport, Inc.), Limited Partnership Agreement (Txi Transportation Co)
