Common use of Compliance with Section 704(b) of the Code Clause in Contracts

Compliance with Section 704(b) of the Code. As they relate to the maintenance of Capital Accounts, the provisions of this Article are intended, shall be construed, and if necessary, modified to cause the allocations of Net Profits, Net Losses, income, gain and credit pursuant to Article VIII to have substantial economic effect under the regulations promulgated under Section 704(b) of the Code, in light of any distributions made to the Members and Economic Interest Owners and the Capital Contributions made pursuant to this Article.

Compliance with Section 704(b) of the Code. As they relate to the maintenance of Capital Accounts, the provisions of this Article are intended, shall be construed, and if necessary, modified to cause the allocations of Net Profits, Net Losses, income, gain and credit pursuant to this Article VIII to have substantial economic effect under the regulations promulgated under Section 704(b) of the Code, in light of any distributions made to the Members and Economic Interest Owners Financial Rights Holders and the Capital Contributions made pursuant to this Article.

Compliance with Section 704(b) of the Code. As The provisions of this Article XI as they relate to the maintenance of Capital Accounts, the provisions of this Article Accounts are intended, and shall be construed, and and, if necessary, modified modified, to cause the allocations of Net ProfitsProfit, Net LossesLoss, income, gain and credit pursuant to Article VIII XII to have substantial economic effect under the regulations Regulations promulgated under Section section 704(b) of the Code, in light of any distributions Distributions made pursuant to the Members Articles XII and Economic Interest Owners XVI and the Capital Contributions made pursuant to this ArticleArticle XI.

Compliance with Section 704(b) of the Code. As The provisions of this Article as they relate to the maintenance of Capital Accounts, the provisions of this Article Accounts are intended, and shall be construed, and and, if necessary, modified to cause the allocations of Net Profitsprofits, Net Losseslosses, income, gain and credit pursuant to Article VIII to have substantial economic effect under the regulations Regulations promulgated under Section 704(b) of the Code, in light of any distributions the Distributions made pursuant to the Members Articles IX and Economic Interest Owners XIV and the Capital Contributions made pursuant to this ArticleArticle VIII.