Affectations réglementaires Sample Clauses

Affectations réglementaires. (a) Compensation de revenu admissible. Aucun Détenteur de Participation ne peut se voir attribuer des Pertes ou déductions si l'attribution entraîne pour un Détenteur de Participation un Déficit du Compte de Capital Ajusté. Si un Détenteur de Participation reçoit (x) une allocation de Perte ou de réduction (ou d'un élément de celle-ci), ou (y) une distribution, qui entraîne pour le Détenteur de Participation un Déficit du Compte de Capital Ajusté à la fin d'un exercice imposable, alors tous les éléments de revenu et de bénéfice de la Société (consistant en une partie au prorata de chaque élément de revenu de la Société, y compris le revenu brut et le bénéfice) pour cet exercice imposable seront attribués à ce Détenteur de Participation, avant toute autre allocation d'éléments de la Société pour cet exercice fiscal, à concurrence du montant et dans les proportions requis pour éliminer l'excédent le plus rapidement possible. Le présent Article 4.03(a) est destiné à se conformer et doit être interprété de manière cohérente avec les dispositions de "compensation du revenu admissible” ("qualified income offset") du Règlement promulgué en vertu de l'article 704(b) du Code. (b) Refacturation du bénéfice minimum. Sous réserve des dispositions de l'Article 1.704-2(f)(2), (3) et (4) du Règlement, si, au cours d'un exercice fiscal, il y a une diminution nette du gain minimum, chaque Détenteur de Participations, avant toute autre attribution en vertu du présent ARTICLE IV, xx xxxxx attribuer des éléments de revenu et de gain bruts pour cet exercice fiscal (et, si nécessaire, les exercices fiscaux suivants) pour un montant égal à sa part de la diminution nette du gain minimum, calculée conformément à l'Article 1.704-2(g) du Règlement. Les affectations du revenu brut et du gain en vertu du présent Article 4.03(b) seront effectuées d'abord à partir du gain comptabilisé lors de la disposition des actifs de la Société soumis à des passifs sans recours (au sens du Règlement promulgué en vertu de l'Article 752 du Code), dans la mesure du Gain Minimum imputable à ces actifs, puis, à partir d'une partie au prorata des autres éléments de revenu et de gain de la Société pour l'exercice fiscal. Les parties aux présentes souhaitent que toute allocation effectuée en vertu du présent Article 4.03(b) constitue une “refacturation de bénéfice minimum” ("minimum gain chargeback") au sens de l'Article 1.704-2
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