No Retroactive Effect. The parties agree that this Section 23 shall have no retroactive effect as to the Funds.”
No Retroactive Effect. In accordance with Article 5.147 of the Civil Code, the fulfilment of the Conditions Precedent shall not have retroactive effect.
No Retroactive Effect. No new Members shall be entitled to any retroactive allocation of losses, income or expense deductions incurred by BOX Holdings. The Board may, at the time an additional Member is admitted, close the company books of BOX Holdings (as though BOX Holdings’ Fiscal Year has ended) or make pro-rata allocations of loss, income and expense deductions to an additional Member for that portion of BOX Holdings’ Fiscal Year in which an additional Member was admitted in accordance with the provisions of Section [§] 706(d) of the Code.
No Retroactive Effect. This Agreement shall become effective on July 1, 2000, or as otherwise provided herein, and shall have no effect prior to that date.
No Retroactive Effect. If an Acting Non-Combining Member elects to make an Additional Capital Contribution or a payment to the Designated Combining Member pursuant to Section 3.4(e)(ii), (iii) and/or (iv) at the end of the Lookback Period, the increase in the aggregate Percentage Interests of the Designated Non-Combining Member as a result of such contribution or payment shall not be given retroactive effect, and such Designated Non-Combining Member shall not be entitled to any distributions foregone during the Lookback Period.
No Retroactive Effect. This Agreement is intended to govern the actions or omissions of the parties hereto that take place or occur after the execution and delivery hereof and is not intended to affect any actions or omissions that have taken place or occurred before the execution and delivery hereof.
No Retroactive Effect. No new Members shall be entitled to any retroactive allocation of losses, income or expense deductions incurred by the Exchange. The Board may, at the time an additional Member is admitted, close the company books of the Exchange (as though the Exchange’s Fiscal Year has ended) or make pro-rata allocations of loss, income and expense deductions to an additional Member for that portion of the Exchange’s Fiscal Year in which an additional Member was admitted in accordance with the provisions of §706(d) of the Code.
No Retroactive Effect. Notwithstanding Article 1179 of the Belgian Civil Code, the satisfaction of any condition precedent contained in this Agreement, including this Section 8, shall not have any retroactive effect.
No Retroactive Effect. The amendments to the Agreement provided for herein shall be applicable prospectively from the date of this Amendment forward, and shall not have applicability with respect to periods under the Agreement prior to the date of this Amendment (except with respect to the changes set forth in Sections 1.1, 2.2 and 2.3, which memorialize arrangements that were already in effect prior to the date of this Amendment).
No Retroactive Effect. No amendment may either directly or indirectly operate to deprive any Participant of its beneficial interest in its Investment Assets or undistributed Income as it is then constituted.
