Specified Reductions Sample Clauses

Specified Reductions. Notwithstanding Sections 6.3 and 6.4, in the event that the actions of a particular Limited Partner (including financing his or her acquisition of Units with a financing that constitutes a Limited Recourse Amount) result in a reduction in the Taxable Loss of the Partnership, or reduction in the amount of any Eligible Expenditures allocated or that otherwise might be allocated by the Partnership to the Limited Partners, the amount of such reduction shall be applied firstly to reduce the share of the Taxable Loss, or the Eligible Expenditures, as applicable, that would otherwise be allocated to the particular Limited Partner pursuant to this Agreement. To the extent the amount of such reduction exceeds the Taxable Loss, or Eligible Expenditures, that would otherwise be allocated to the particular Limited Partner, the Taxable Loss, or Eligible Expenditures, after such reduction will be allocated among the Partners other than the particular Limited Partner in proportion to their respective Sharing Rates at the end of the relevant Fiscal Year of the Partnership. If, in a subsequent Fiscal Year, the particular Limited Partner takes steps which off-set all or part of the reduction in the Taxable Loss of the Partnership, or the reduction in the amount of such Eligible Expenditures, allocated or that otherwise might be allocated by the Partnership to the Limited Partners, such amount of the Taxable Loss of the Partnership, or Eligible Expenditures, as the case may be, as is restored at such time shall be first allocated pro rata among the other Partners until their share of the Taxable Loss, or Eligible Expenditures, is restored to what they would have been but for the actions of the particular Limited Partner and then to such particular Limited Partner.