Common use of Gross Income Allocations Clause in Contracts

Gross Income Allocations. In the event any Member has a deficit balance in its Adjusted Capital Account at the end of any Company taxable period in excess of the sum of (A) the amount such Member is obligated to restore pursuant to any provision of this Agreement and (B) the amount such Member is deemed obligated to restore pursuant to Treasury Regulation sections 1.704-2(g) and 1.704-2(i)(5), such Member shall be specially allocated items of Company gross income and gain in the amount of such excess as quickly as possible; provided, that an allocation pursuant to this Section B1.3(c)(v) shall be made only if and to the extent that such Member would have a deficit balance in its Adjusted Capital Account after all other allocations provided in this Section B1.3 have been tentatively made as if this Section B1.3(c)(v) and Section B1.3(c)(iii) were not in this Agreement.

Gross Income Allocations. In To the extent required by the Regulations, in the event any a Member has a deficit balance in its Adjusted Capital Account at the end of any taxable year of the Company taxable period in excess of the sum of (A) the amount such Member is obligated required to restore pursuant to any provision the provisions of this Agreement Agreement, if any, and (B) the amount such Member is deemed obligated to restore pursuant to Treasury Regulation sections Treas. Reg. § 1.704-2(g) and 1.704-2(i)(5), such Member shall be specially allocated items of Company gross income and gain in the amount of such excess as quickly as possible; provided, provided that an allocation pursuant to this Section B1.3(c)(v3(d) shall be made only if and only to the extent that such Member would have a deficit balance in its an Adjusted Capital Account Deficit after all other allocations provided in this Section B1.3 have been tentatively made as if this Section B1.3(c)(v) and Section B1.3(c)(iii3(d) were not in this Agreement.Appendix A.

Gross Income Allocations. In To the extent required by the Regulations, in the event any a Member has a deficit balance in its Adjusted Capital Account at the end of any taxable year of the Company taxable period in excess of the sum of (A) the amount such Member is obligated required to restore pursuant to any provision the provisions of this Agreement Agreement, if any, and (B) the amount such Member is deemed obligated to restore pursuant to Treasury Regulation sections Treas. Reg. § 1.704-2(g) and 1.704-2(i)(5), such Member shall be specially allocated items of Company gross income and gain in the amount of such excess as quickly as possible; provided, provided that an allocation pursuant to this Section B1.3(c)(v3(d) shall be made only if and only to the extent that such Member would have a deficit balance in its an Adjusted Capital Account Deficit after all other allocations provided in this Section B1.3 have been tentatively made as if this Section B1.3(c)(v) and Section B1.3(c)(iii3(d) were not in this Agreement.Exhibit A.