Common use of Minimum Gain Chargebacks and Nonrecourse Deductions Clause in Contracts

Minimum Gain Chargebacks and Nonrecourse Deductions. 4.6.1 Notwithstanding any other provisions of this Agreement, in the event there is a net decrease in Company Minimum Gain during a Fiscal Year, the Members shall be allocated items of income and gain (computed with the adjustments set forth in the definition of “Net Profits” and “Net Losses”) in accordance with Treasury Regulations Section 1.704-2(f). For purposes of this Agreement, the term “

Appears in 1 contract

Samples: Limited Liability Company Agreement (Comstock Holding Companies, Inc.)

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Minimum Gain Chargebacks and Nonrecourse Deductions. 4.6.1 (a) Notwithstanding any other provisions of this Agreement, in the event there is a net decrease in Company Minimum Gain during a Fiscal Yearfiscal year, the Members shall be allocated items of income and gain (computed with the adjustments set forth in clauses (i), (ii) and (iii) of the definition of "Net Profits" and "Net Losses") in accordance with Treasury Regulations Section 1.704-2(f). For purposes of this Agreement, the term "

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sunrise Assisted Living Inc)

Minimum Gain Chargebacks and Nonrecourse Deductions. 4.6.1 (a) Notwithstanding any other provisions of this Agreement, in the event there is a net decrease in Company Minimum Gain during a Fiscal Yearfiscal year, the Members shall be allocated items of income and gain (computed with the adjustments set forth in clauses (i), (ii), (iii), (iv), (vii) and (viii) of the definition of "Net Profits" and "Net Losses") in accordance with Treasury Regulations Section 1.704-2(f). For purposes of this Agreement, the term "

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sunrise Assisted Living Inc)

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Minimum Gain Chargebacks and Nonrecourse Deductions. 4.6.1 (a) Notwithstanding any other provisions of this Agreement, in the event there is a net decrease in Company Minimum Gain during a Fiscal Yearfiscal year, the Members shall be allocated items of income and gain (computed with the adjustments set forth in clauses (a), (b) and (c) of the definition of “Net Profits” and “Net Losses”) in accordance with Treasury Regulations Regulation Section 1.704-2(f). For purposes of this Agreement, the term “

Appears in 1 contract

Samples: Limited Liability Company Agreement (Jernigan Capital, Inc.)

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