Examples of Curative Allocation in a sentence
The amount and timing of the Special Profit Allocations are subject to the potential application of, and interaction with, the Curative Allocation Provisions described in the following paragraph.
Article 6 of the Partnership Agreement is hereby amended to add new Section 6.4.C to read as follows: Curative Allocation to holders of Special Units Notwithstanding Section 6.4.A and 6.4.B, the Partnership shall account for the variation between the Waikele Property's initial Gross Asset Value and its tax basis under the "traditional method with curative allocations" contemplated in Regulations Section 1.704-3(c)(3)(iii)(B).
Subject to the Curative Allocation Provisions described below, the LLC Agreement further provides that, beginning at the time Charter Holdco generates net tax profits, the net tax profits that would otherwise have been allocated to Charter based generally on its percentage ownership of outstanding common membership units will instead generally be allocated to Vulcan Cable III Inc.
This action did not impact the OPyC layer properties other than the thickness, as seen in Table 8, which could have been corrected by extending the coating duration by approximately 2 minutes.
As used herein, "Curative Allocation Amount" means, for any taxable year of SLGOP, an amount equal to 50% of the excess of (a) theamount of depreciation with respect to the SCW Interest allocable to partners of SLGOP other than SCW Recipient for book purposes for such year, over (b) the amount of depreciation with respect to the SCW Interest allocable to such partners of SLGOP for income tax purposes for such year.