Common use of Intent of Allocations Clause in Contracts

Intent of Allocations. The Members intend that the foregoing tax allocation provisions of this Article IV shall produce final Capital Account balances of the Members that will permit liquidating distributions that are made in accordance with final Capital Account balances in a manner identical to the order of priorities set forth in Section 4.1(b). To the extent that the Tax allocation provisions of this Article IV would fail to provide such final Capital Account balances, such provisions shall be amended by the Board of Managers, to the extent necessary, to produce such results.

Intent of Allocations. The Members parties intend that the foregoing tax allocation provisions of this Article IV 7 shall produce final Capital Account balances of the Members that will permit liquidating distributions that are Distributions made in accordance with final Capital Account balances to be made in a manner identical to the order of priorities set forth in Section 4.1(b)8.02. To the extent that the Tax allocation provisions of this Article IV 7 would fail to provide produce such final Capital Account balances, (a) such provisions shall be amended by the Board of Managers, Managers if and to the extent necessary, to produce such results.necessary to

Intent of Allocations. The Members intend that the foregoing tax allocation provisions of this Article IV shall produce final Capital Account balances of the Members that will permit liquidating distributions that are made in accordance with final Capital Account balances in a manner identical to the order of priorities set forth in Section 4.1(b). To the extent that the Tax tax allocation provisions of this Article IV would fail to provide such final Capital Account balances, such provisions shall be amended by the Board of Managers, to the extent necessary, to produce such results.