Capital Account Deficits. Loss or items thereof shall not be allocated to a Limited Partner to the extent that such allocation would cause or increase a deficit in such Partner’s Adjusted Capital Account.
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Samples: Original Agreement (Easterly Government Properties, Inc.), Original Agreement (Easterly Government Properties, Inc.), Paramount Group, Inc.
Capital Account Deficits. Loss (or items thereof of expense or loss) shall not be allocated to a Limited Partner to the extent that such allocation would cause or increase a deficit in such Partner’s Adjusted Capital Account.Account at the end of any fiscal year (after reduction to reflect the items described in Regulations
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Samples: Limited Partnership Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)
Capital Account Deficits. Loss or items thereof shall not be allocated to a Limited Partner to the extent that such allocation would cause or increase a deficit in such Partner’s Adjusted Capital AccountAccount (in which case the Loss or items(or portions thereof) that cannot be allocated to such Limited Partner shall be allocated to those Partners who can receive such allocations without violating this Section 6.1B in accordance with their respective Percentage Interests (or their respective positive Adjusted Capital Accounts if all such Partners hold only Preferred Units)).
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