Common use of Compliance with Treasury Regulations Clause in Contracts

Compliance with Treasury Regulations. The Manager may, without the consent of any Members, make such elections, tax allocations and adjustments, including without limitation amendments to this Agreement, as the Manager deems necessary or appropriate to maintain to the greatest extent possible the validity of the tax allocations set forth in this Agreement, particularly with regard to Treasury Regulations under Code Section 704(b).

Compliance with Treasury Regulations. The Manager Board of Managers may, without the consent of any Members, make such elections, tax allocations and adjustments, including without limitation amendments to this Agreement, as the Manager Board of Managers deems necessary or appropriate to maintain to the greatest extent possible the validity of the tax allocations set forth in this Agreement, particularly with regard to Treasury Regulations under Code Section 704(b).

Compliance with Treasury Regulations. The Manager Managers may, without upon the advice of company’s tax council with the consent of any Members, make such elections, tax allocations and adjustments, including without limitation amendments to this Agreement, as the Manager deems Managers deem necessary or appropriate to maintain to the greatest extent possible the validity of the tax allocations set forth in this Agreement, particularly with regard to Treasury Regulations under Code Section 704(b)704(b).provided, however, that no amendment or election shall materially affect distributions to a member without the member’s prior written consent.

Compliance with Treasury Regulations. The above provisions of this Article VIII notwithstanding, it is specifically understood that the Manager may, may without the consent of any Members, Member make such elections, tax allocations and adjustments, including without limitation amendments to this Agreement, as the Manager deems deem necessary or appropriate to maintain to the greatest extent possible the validity of the tax allocations set forth in this Agreement, particularly with regard to Treasury Regulations under Code Section 704(b).

Compliance with Treasury Regulations. The Manager above provisions of this Article X notwithstanding, it is specifically understood that the Managers may, without the consent of any Members, make such elections, tax allocations and adjustments, including without limitation amendments to this Agreement, adjustments as the Manager deems Managers deem necessary or appropriate to maintain to the greatest extent possible the validity of the tax allocations Allocations set forth in this Agreement, particularly with regard to Treasury Regulations under Code Section 704(b).