Common use of Taxable Loss Clause in Contracts

Taxable Loss. Loss from a Capital Transaction shall be allocated as follows: (1) If one or more Members has a Positive Capital Account, Loss from a Capital Transaction shall be allocated first to those Members, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero; then (2) Any remaining Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 8.3(b)(1) shall be allocated to the Members in proportion to their respective Percentages of Interest.

Taxable Loss. Loss from a Capital Transaction shall be allocated as follows: (1i) If one or more Members has a Positive Capital Account, Loss from a Capital Transaction shall be allocated first to those Members, in proportion to their Positive Capital Accounts, Accounts until all Positive Capital Accounts have been reduced to zero; then , (2ii) Any remaining Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 8.3(b)(14.03(b)(i) shall be allocated to the Members in proportion to their respective Percentages of InterestProfit and Loss Allocations.

Taxable Loss. Loss from a Capital Transaction shall be allocated as follows: (1) If one or more Members Parties has a Positive Capital Account, Loss from a Capital Transaction shall be allocated first to those MembersParties, in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero; then (2) Any remaining Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 8.3(b)(115.03(b)(1) shall be allocated to the Members Parties in proportion to their respective Percentages of Interest.

Taxable Loss. Loss from a Capital Transaction shall be allocated as follows: (1i) If one or more Members has a Positive Capital Account, Loss from a Capital Transaction shall be allocated first to those Members, in proportion to their Positive Capital Accounts, Accounts until all Positive Capital Accounts have been reduced to zero; then , (2ii) Any 12 <PAGE> remaining Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 8.3(b)(14.03(b)(i) shall be allocated to the Members in proportion to their respective Percentages of InterestProfit and Loss Allocations.

Taxable Loss. Loss from a Capital Transaction shall be allocated as follows: (1) If one or more Members has a Positive Capital Account, . Loss from a Capital Transaction shall be allocated first to those Members, . in proportion to their Positive Capital Accounts, until all Positive Capital Accounts have been reduced to zero; then (2) Any remaining Loss not allocated to reduce Positive Capital Accounts to zero pursuant to Section 8.3(b)(18.3.B(I) shall be allocated to the Members in proportion Proportion to their respective Percentages of Interest.