Company Minimum Gain. If there is a net decrease in Company Minimum Gain for a Tax Year of the Company, then before any other allocations are made for such Tax Year, each Member will be allocated items of Book income and gain for such year (and, if necessary, for subsequent years) to the extent required by Treas. Reg. § 1.704-2(f).
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Samples: Limited Liability Company Agreement (NorthStar Asset Management Group Inc.), Limited Liability Company Agreement (NorthStar Asset Management Group Inc.), Unit Purchase Agreement (NorthStar Asset Management Group Inc.)
Company Minimum Gain. If In the event that there is a net decrease in Company Minimum Gain for a Tax Year taxable year of the Company, then before any other allocations are made for such Tax Yeartaxable year, each Member will shall be allocated items of Book income and gain for such year (and, if necessary, for subsequent years) to the extent required by Treas. Reg. § 1.704-2(f).
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