Common use of Intent to Comply with Regulations Clause in Contracts

Intent to Comply with Regulations. The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Regulations Section 1.704-1(b), and shall be interpreted and applied in a manner consistent with such Regulations. In the event the Managers determine that it is prudent to modify the manner in which the Capital Accounts or any changes thereto are computed in order to comply with such Regulations, the Managers may make such modification.

Intent to Comply with Regulations. The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Regulations Section § 1.704-1(b), ) and shall be interpreted and applied in a manner consistent with such Regulations. In The Members shall make any appropriate modifications in the event the Managers determine that it is prudent to modify the manner in which the Capital Accounts or any changes thereto are computed in order unanticipated events might otherwise cause this Agreement not to comply with such Regulations, the Managers may make such modificationRegulations § 1.704-1(b).

Intent to Comply with Regulations. The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Regulations Section 1.704-1(b), and shall be interpreted and applied in a manner consistent with such Regulations. In the event the Managers determine that it is prudent to modify the manner in which the Capital Accounts or any changes thereto are computed in order to comply with such Regulations, the Managers may make such modification.

Intent to Comply with Regulations. The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Regulations Section 1.704-1(b), ) and shall be interpreted and applied in a manner consistent with such Regulations. In The Members shall make any appropriate modifications in the event the Managers determine that it is prudent to modify the manner in which the Capital Accounts or any changes thereto are computed in order unanticipated events might otherwise cause this Agreement not to comply with such Regulations, the Managers may make such modificationRegulations Section 1.704-1(b).