Common use of Nonallocation of Distributions to Increases in Minimum Gain Clause in Contracts

Nonallocation of Distributions to Increases in Minimum Gain. To the extent permitted under Treasury Regulations Section 1.704-2(h), distributions to Members shall not be allocable to increases in the Company’s Minimum Gain. In general, and except as provided in such Treasury Regulation, the preceding sentence is intended to ensure that reductions in a Member’s Capital Account balance resulting from distributions of money or other property to that Member are not reversed by the minimum gain chargeback provisions of Section 7.02(e).

Nonallocation of Distributions to Increases in Minimum Gain. To the extent permitted under Treasury Regulations Regulation Section 1.704-2(h), distributions to Members shall not be allocable to increases in the Company’s Minimum Gainminimum gain. In general, and except as provided in such Treasury Regulation, the preceding sentence is intended to ensure that reductions in a Member’s Capital Account balance resulting from distributions of money or other property to that Member are not reversed by the minimum gain chargeback provisions of Section 7.02(e3.2(a)(iii).

Nonallocation of Distributions to Increases in Minimum Gain. To the extent permitted under Treasury Regulations Regulation Section 1.704-2(h), distributions to Members shall not be allocable to increases in the Company’s Minimum Gain. In general, and except as provided in such Treasury Regulation, the preceding sentence is intended to ensure that reductions in a Member’s Capital Account balance resulting from distributions of money or other property to that Member are not reversed by the minimum gain chargeback provisions of Section 7.02(e4.1(b)(iv).