Common use of Minimum Gain Chargeback—Partnership Nonrecourse Liabilities Clause in Contracts

Minimum Gain Chargeback—Partnership Nonrecourse Liabilities. If there is a net decrease in Partnership Minimum Gain during any Partnership taxable year, certain items of income and gain shall be allocated (on a gross basis) to the Partners in the amounts and manner described in Section 1.704-2(f) of the Regulations. This Section 4.3(a)(i) is intended to comply with the minimum gain chargeback requirement (set forth in Section 1.704-2(f) of the Regulations) relating to Partnership nonrecourse liabilities (as defined in Section 1.704-2(b)(3) of the Regulations) and shall be so interpreted.

Minimum Gain Chargeback—Partnership Nonrecourse Liabilities. If there is a net decrease in Partnership Minimum Gain during any Partnership taxable yearFiscal Year, certain items of income and gain shall be allocated (on a gross basis) to the Partners in the amounts and manner described in Regulations Section 1.704-2(f) of and (j)(2)(i) and (ii), subject to the Regulationsexemptions set forth in Regulations Section 1.704-2(f)(2), (3), (4), and (5). This Section 4.3(a)(i4.2(a) is intended to comply with the minimum gain chargeback requirement (set forth in Regulations Section 1.704-2(f) of the Regulations)) relating to Partnership nonrecourse liabilities (as defined in Regulations Section 1.704-2(b)(3) of the Regulations)) and shall be so interpreted.

Minimum Gain Chargeback—Partnership Nonrecourse Liabilities. If there is a net decrease in Partnership Minimum Gain during any Partnership taxable yearFiscal Year, certain items of income and gain shall be allocated (on a gross basis) to the Partners in the amounts and manner described in Regulations Section 1.704-2(f) of and (j)(2)(i) and (ii), subject to the Regulationsexemptions set forth in Regulations Section 1.704-2(f)(2), (3), (4), and (5). This Section 4.3(a)(i5.2(a) is intended to comply with the minimum gain chargeback requirement (set forth in Regulations Section 1.704-2(f) of the Regulations)) relating to Partnership nonrecourse liabilities (as defined in Regulations Section 1.704-2(b)(3) of the Regulations)) and shall be so interpreted.