Miscellaneous Allocation Provisions Sample Clauses
The "Miscellaneous Allocation Provisions" clause defines various rules and procedures for distributing rights, responsibilities, or resources among the parties that are not covered by other, more specific allocation clauses. This section may address topics such as the handling of unexpected costs, the assignment of minor benefits or obligations, or the resolution of ambiguities in allocation. By including these catch-all provisions, the clause ensures that any allocation issues not specifically addressed elsewhere in the agreement are still governed by clear, agreed-upon rules, thereby reducing the risk of disputes and promoting fairness.
Miscellaneous Allocation Provisions. (a) For purposes of determining the Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly or other basis, as determined by the Manager using any permissible method under Code Section 706 and the Treasury Regulations promulgated thereunder.
(b) Except as otherwise provided in this Agreement, all items of Company income gain, loss, deduction, and any other allocations not otherwise provided for shall be divided among the Members in the same proportions as they share Profits or Losses, as the case may be, for the year.
(c) For the purpose of determining each Member’s share of Excess Nonrecourse Liabilities pursuant to Regulation Section 1.752-3(a)(3), and solely for such purpose, each Member’s interest in Company Profits is hereby specified to be such Member’s Percentage Interest.
Miscellaneous Allocation Provisions. (a) For purposes of determining the Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly or other basis, as determined by the Manager using any permissible method under Code Section 706 and the Treasury Regulations promulgated thereunder.
(b) Except as otherwise provided in this Agreement, all items of Company income gain, loss, deduction, and any other allocations not otherwise provided for shall be divided among the Members in the same proportions as they share Profits or Losses, as the case may be, for the year.
(c) For the purpose of determining each Member’s share of Excess Nonrecourse Liabilities pursuant to Regulation Section 1.752-3(a)(3), and solely for such purpose, each Member’s interest in Company Profits is hereby specified to be such Member’s Percentage Interest. THIS SECOND AMENDMENT OF BEQUEST CAPITAL, LLC OPERATING AGREEMENT (this “Second Amendment”) is entered into this 18 day of December, 2023, by and among ▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ (collectively “Muneio”) and ▇▇▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇▇▇ (collectively “▇▇▇▇▇”) (▇▇▇▇▇ and ▇▇▇▇▇▇, the “Members”) and BEQUEST CAPITAL, LLC (the “Company”).
Miscellaneous Allocation Provisions. (a) For purposes of determining the Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly or other basis, as determined by the Managers using any permissible method under Code § 706 and the Treasury Regulations promulgated thereunder.
(b) Except as otherwise provided in this Agreement, all items of Company income gain, loss, deduction, and any other allocations not otherwise provided for shall be divided among the Members in the same proportions as they share Profits or Losses, as the case may be, for the year.
Miscellaneous Allocation Provisions. (a) Allocations of Profits and Losses provided for in this Article 6 shall generally be made on a daily, monthly or other basis, as determined by the Manager using any permissible method under Code § 706 and the Treasury Regulations promulgated thereunder.
(b) All items of Company income, gain, loss, deduction and any other allocations (including allocations of credits) not otherwise provided for will be divided among Unitholders in the same proportions as they share Profits or Losses, as the case may be, for the applicable Fiscal Year.
Miscellaneous Allocation Provisions. (a) For purposes of determining Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly or other basis, as determined by the Board using any permissible method under Code Section 706 and the Treasury Regulations promulgated thereunder.
(b) Except as otherwise provided in this Agreement, all items of Company income gain, loss, deduction, and any other allocations not otherwise provided for shall be divided among the Members in the same proportions as they share Profits or Losses, as the case may be, including, for this purpose, items allocated pursuant to Sections B.4, for the year.
(c) For the purpose of determining each Member’s share of excess nonrecourse liabilities pursuant to Treas. Reg. Section 1.752-3(a)(3), and solely for such purpose, each Member’s interest in profits is hereby specified to be such Member’s Capital Percentage.
Miscellaneous Allocation Provisions. (1) For purposes of determining the Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly or other basis, as determined by the Manager using any permissible method under Code Section 706 and the Treasury Regulations promulgated thereunder.
(2) Except as otherwise provided in this Agreement, all items of ordinary income classified under the Code are first allocated to the Class A Members. All items of Company income, gain, loss, deduction, tax credits and any other allocations shall be allocated among the Class B Members proportionate to their Percentage Interests.