Operational Rules. (a) For purposes of Section 8.3, the Capital Account balances of the Members shall be adjusted, prior to determining the amount of any distribution provided for therein, to reflect all prior Company distributions and all distributions made contemporaneously with the distributions provided for in Section 8.3, as well as all Company Net Gain or Net Loss attributable to any distributions previously or contemporaneously made in kind.
(b) The valuation of securities distributed in kind shall be made in the manner provided in Article XII. Each class of securities to be distributed in kind shall be distributed to the Members in proportion to their respective shares of the entire amount to be distributed (determined as provided in Sections 8.3 or, with respect to Liquidating Distributions, Section 11.3), except to the extent that a disproportionate distribution of such securities is necessary in order to avoid distributing fractional shares. For purposes of the preceding sentence, each lot of stock or other securities having a separately identifiable tax basis or holding period shall be treated as a separate class of securities.
Operational Rules. Operational rules promulgated by the Administration shall remain in effect unless they are contrary to law or the specific terms of this agreement.
Operational Rules. 1. Passengers shall be instructed to cross the street or road in front of the bus if crossing is necessary.
2. Each driver must stop at all railroad crossings whether loaded or empty, then shift into low and proceed across the track without shifting.
3. Each driver must pass an annual physical examination and have on file a physician's fitness card not later than two weeks prior to the first bid date. Exceptions must be approved in advance by the Supervisor of Transportation.
4. Each driver must possess at all times a valid Commercial Driver's License with a P & S endorsement and no air brake exclusion and must produce evidence of the same upon request.
5. Each driver shall start her bus run at the same time each day and maintain the same time schedule insofar as is reasonably possible. All riders must be seated before the bus is started in motion.
6. No route once established is to be altered by a driver without authorization of the Supervisor of Transportation.
7. Each driver must ensure all doors are closed at all times when the bus is in motion.
8. Each driver must operate her alternating lights well in advance of (200 feet) and at every stop when loading or unloading.
9. No driver is to start any run before the listed time on their current route sheet.
10. Each driver must operate her directional signals well in advance of making a turn.
11. When making a student pickup/drop off, each driver shall stop on the roadway in the extreme right hand lane.
12. Each driver shall instruct her riders to stay well off the road when waiting for the bus.
13. After unloading the bus each driver shall make sure that all riders are clear of the bus before proceeding.
14. No driver may block an intersection with a stopped bus.
15. Each driver must ensure her bus is visible for 400 feet in each direction at every stop, unless exceptions are made by the Supervisor of Transportation.
Operational Rules. The General Partner, after consulting with the Partnership’s accountants or other advisers, shall determine the amount (if any) of any Tax Liability attributable to any Partner taking into account any differences in the Partners’ status, nationality or other characteristics, Any such determination regarding the amount of Tax Liability attributable to particular Partners shall be based on the manner in which the jurisdiction imposing the related tax would attribute that Tax Liability and, in making any such determination, the General Partner shall be entitled to treat any Partner as ineligible for an exemption from or reduction in rate of such tax under a tax treaty or otherwise except to the extent that such Partner provides the General Partner with such written evidence (including but not limited to forms or certificates executed by its managers and/or beneficial owners) as the General Partner or the relevant tax authorities may require to establish such Partner’s (or some or all of its beneficial owners’) entitlement to such exemption or reduction. The intent of this Section 7.4 is to ensure, to the maximum extent feasible, that the burden of any taxes withheld at the source or paid by the Partnership is borne by those Partners to which such tax obligations are attributable, and this Section 7.4 shall be interpreted and applied accordingly.
Operational Rules. For purposes of computing the amount of any item of income, gain, deduction or loss to be reflected in the Partners’ Capital Accounts, the determination, recognition and classification of any such item shall be the same as its determination, recognition and classification for federal income tax purposes (including any method of depreciation, cost recovery or amortization used for this purpose) subject to such adjustments or other methodologies as may be permitted or required by the Allocation Regulations. The Capital Accounts of the Partners shall be maintained and adjusted in accordance with and as provided in the Allocation Regulations as interpreted and applied in the discretion of the General Partner.
Operational Rules. To the extent this Agreement, any additionally adopted Rules of Governance, or other documents formally adopted by the Interlocal Board do not provide specifics as to operation and governance under this Agreement, the Interlocal Board shall work out and adopt such operational rules.
Operational Rules. To the extent this Agreement, the Rules of Governance, or other documents formally adopted by the Agency Board do not provide specifics as to operation and governance of the Safe and Successful JPA, then the Act shall govern the Safe and Successful JPA as to those operational rules.
Operational Rules. The Committee shall adopt rules specifying the circumstances under which a particular Subfund may be elected, or shall be automatically utilized, the minimum or maximum amount or percentage of an Account which may be invested in a particular Subfund, the procedures for making or changing investment elections, the extent (if any) to which Beneficiaries of deceased Participants may make investment elections and the effect of a Participant's or Beneficiary's failure to make an effective election with respect to all or any portion of an Account.
Operational Rules. 50 11.13 No Section 338(h)(10) Election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52 6 STOCK PURCHASE AGREEMENT THIS STOCK PURCHASE AGREEMENT (the "Agreement"), dated September 19, 1996, by and between UNIFIED LIFE INSURANCE COMPANY, a Texas corporation ("Purchaser"), and JOHN XXXXX XXXE CORPORATION, a California corporation ("Seller").
Operational Rules. For all purposes of determining the sharing and allocation of Taxes and other matters under the provisions of this Section 11, the following rules and principles shall in all cases apply:
(a) The determination of a Tax with respect to a Period (or portion of a Period) shall, except as otherwise provided herein, be determined under applicable Tax law, including applicable Tax law relating to carryovers, without regard to timing or other
