Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by the Managers, no Member shall be allocated Loss in any Fiscal Year or other taxable period that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable period.
Appears in 3 contracts
Samples: Put Through Agreement (CHS Inc), Limited Liability Company Agreement (CHS Inc), Limited Liability Company Agreement (Cenex Harvest States Cooperatives)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by the ManagersVoting Member Majority, no Member shall be allocated Loss in any Fiscal Year or other taxable period year that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Inergy L P), Limited Liability Company Agreement (Inergy L P), Limited Liability (Inergy L P)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IVXII, unless otherwise agreed to by the Managers, no Member shall be allocated Loss in any Fiscal Year or other taxable period that year which would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Land O Lakes Inc), Operating Agreement (Land O Lakes Inc)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the ManagersMembers, no Member shall be allocated Loss in any Fiscal Year or other taxable period that year which would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable period.year. (i)
Appears in 2 contracts
Samples: Operating Agreement (First American Capital Corp /Ks), Operating Agreement (First American Capital Corp /Ks)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all the ManagersMembers, no Member shall be allocated Loss in any Fiscal Year or other taxable period year that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cenex Harvest States Cooperatives)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the ManagersMembers, no Member shall be allocated Loss in any Fiscal Year or other taxable period year that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
Samples: Operating Agreement (Tortoise Total Return Fund, LLC)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by a Supermajority in Interest of the ManagersMembers, no Member shall be allocated Loss in any Fiscal Year or other taxable period year that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
Samples: Operating Agreement
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IVARTICLE 4 of the Agreement, unless otherwise agreed to by all of the ManagersMembers, no Member shall will be allocated Loss in any Fiscal Year or other taxable period that year which would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
Samples: Limited Liability Company Agreement (IMH Financial Corp)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the ManagersMembers, no Member shall will be allocated Loss in any Fiscal Year or other taxable period year that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to determined by the ManagersVoting Members, no Member shall will be allocated Loss in any Fiscal Year or other taxable period year that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Inergy Holdings LLC)
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV4 of the Agreement, unless otherwise agreed to by all of the ManagersMembers, no Member shall will be allocated Loss in any Fiscal Year or other taxable period that year which would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
Loss Allocation Limitation. Notwithstanding the other provisions of this Article IV, unless otherwise agreed to by all of the ManagersMembers, no Member shall may be allocated Loss in any Fiscal Year or other taxable period year that would cause or increase an Adjusted Capital Account Deficit as of the end of such Fiscal Year or other taxable periodyear.
Appears in 1 contract
