Common use of Limitation on Allocation of Net Loss Clause in Contracts

Limitation on Allocation of Net Loss. To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Member, there shall be allocated to such Partner only that amount of Net Loss (or items of loss or deduction) as will not create or increase an Adjusted Capital Account Deficit. The Net Loss (or items of loss or deduction) that would, absent the application of the preceding sentence, otherwise be allocated to such Partner shall be allocated to other Partners in accordance with their respective Partnership Units, subject to the limitations of this Section 1(d).

Limitation on Allocation of Net Loss. To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any MemberPartner, there shall be allocated to such Partner only that amount of Net Loss (or items of loss or deduction) as will not create or increase an Adjusted Capital Account Deficit. The Net Loss (or items of loss or deduction) that would, absent the application of the preceding sentence, otherwise be allocated to such Partner shall be allocated to other Partners in accordance with their respective Partnership Units, subject to the limitations of this Section 1(d).

Limitation on Allocation of Net Loss. To If the extent that any allocation of Net Loss Losses to a Partner as provided in Section 5.3(a) hereof would cause create or increase an Adjusted Capital Account Deficit as to any Memberdeficit, there shall will be allocated to such Partner only that amount of Net Loss (or items of loss or deduction) Losses as will not create or increase an Adjusted Capital Account Deficitdeficit. The Net Loss (or items of loss or deduction) Losses that would, absent the application of the preceding sentence, otherwise be allocated to such Partner shall will be allocated to the other Partners in accordance with their respective Partnership relative proportion of Units, subject to the limitations of this Section 1(d5.3(b)(v).