Common use of Adjustments to Take Account of Interim Year Events Clause in Contracts

Adjustments to Take Account of Interim Year Events. If the Code or Treasury Regulations require a withholding or other adjustment to the Capital Account of a Shareholder or some other interim year event occurs necessitating in the Trustees’ judgment an equitable adjustment, the Trustees will make such adjustments in the determination and allocation among the Shareholders of Net Loss, Net Profit, Capital Accounts, items of income (including gross income), deduction, gain, loss, credit or withholding for tax purposes, accounting procedures or such other financial or tax items as will equitably take into account such interim year event and applicable provisions of law, and the determination thereof by the Trustees will be final and conclusive as to all of the Shareholders.

Adjustments to Take Account of Interim Year Events. If the Code or Treasury Regulations require a withholding or other adjustment to the Capital Account of a Shareholder Share or some other interim year event occurs necessitating in the Trustees’ judgment an equitable adjustment, the Trustees will make such adjustments in the determination and allocation among the Shareholders Shares of Net Loss, Net Profit, Capital Accounts, items of income (including gross income), deduction, gain, loss, credit or withholding for tax purposes, accounting procedures or such other financial or tax items as will equitably take into account such interim year event and applicable provisions of law, and the determination thereof by the Trustees will be final and conclusive as to all of the Shareholders.