Common use of Partner Minimum Gain Chargeback Clause in Contracts

Partner Minimum Gain Chargeback. Except as otherwise provided in Section 1.704-2(i)(4) of the Regulations, notwithstanding any other provision of this Article 6, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any Allocation Year, each Interest Holder who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Section 1.704-2(i)(5) of the Regulations, shall be specially allocated items of Partnership income and gain for such Allocation Year (and, if necessary, subsequent Allocation Years) in an amount equal to such Interest Holder's share of the net decrease in Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Regulations Section 1.704-2(i)(4). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Interest Holder pursuant thereto. The items to be so allocated shall be determined in accordance with Sections 1.704-2(i)(4) and 1.704-2(j)(2) of the Regulations. This Section 6.4.2 is intended to comply with the minimum gain chargeback requirement in Section 1.704-2(i)(4) of the Regulations and shall be interpreted consistently therewith.

Partner Minimum Gain Chargeback. Except as otherwise provided in Section 1.704-2(i)(4) of the Regulations, notwithstanding Notwithstanding any other provision of this Article 6IV, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain “partner nonrecourse debt minimum gain (within the meaning of Treasury Regulations Section 1.704-2(i)) attributable to a Partner Nonrecourse Debt during any Allocation Year“partner nonrecourse debt” (within the meaning of Treasury Regulations Section 1.704-2(b)(4)), then, each Interest Holder Member who has a share of the Partner Nonrecourse Debt Minimum Gain partner nonrecourse debt minimum gain attributable to such Partner Nonrecourse Debtpartner nonrecourse debt, determined in accordance with Treasury Regulation Section 1.704-2(i)(5) of the Regulations2(i), shall be specially allocated items of Partnership Company income and gain for such Allocation Year Accounting Period (and, if necessary, subsequent Allocation YearsAccounting Periods) in an amount equal to such Interest Holder's Member’s share of the net decrease in Partner Nonrecourse Debt Minimum Gain partner nonrecourse debt minimum gain attributable to such Partner Nonrecourse Debtpartner nonrecourse debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(4). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Interest Holder Member pursuant thereto. The items to be so allocated shall be determined in accordance with Treasury Regulations Sections 1.704-2(i)(4) and 1.704-2(j)(2) of the Regulations(j)(2). This Section 6.4.2 4.3(b) is intended to comply with the partner minimum gain chargeback requirement in Treasury Regulation Section 1.704-2(i)(4) of the Regulations and shall be interpreted consistently therewith.

Partner Minimum Gain Chargeback. Except as otherwise provided in Section 1.704-2(i)(4) of the Regulations, notwithstanding any other provision of this Article 6Section 11.5, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any Allocation YearPartnership taxable year, each Interest Holder Person who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Section 1.704-2(i)(5) of the Regulations, shall be specially allocated items of Partnership income and gain for such Allocation Year Taxable year (and, if necessary, subsequent Allocation Yearstaxable years) in an amount equal to such Interest HolderPerson's share of the net decrease in Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Regulations Section 1.704-2(i)(4). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Interest Holder Partner pursuant thereto. The items to be so allocated shall be determined in accordance with Sections 1.704-2(i)(4) and 1.704-2(j)(2) of the Regulations. This Section 6.4.2 11.5(b) is intended to comply with the minimum gain chargeback requirement in Section 1.704-2(i)(4) of the Regulations and shall be interpreted consistently therewith.

Partner Minimum Gain Chargeback. Except as otherwise ------------------------------- provided in Treasury Regulation Section 1.704-2(i)(4) ), and notwithstanding the provisions of Section 6.2 of the Regulations, notwithstanding Agreement or any other provision of this Article 66 (except Section 6.4(a)(i)), if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any Allocation Yearfiscal year, each Interest Holder Partner who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Treasury Regulation Section 1.704-2(i)(5) of the Regulations), shall be specially allocated items of Partnership income and gain for such Allocation Year year (and, if necessary, subsequent Allocation Yearsyears) in an amount equal to such Interest HolderPartner's share of the net decrease in Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Regulations Treasury Regulation Section 1.704-2(i)(4). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Interest Holder General Partner and Limited Partner pursuant thereto. The items to be so allocated shall be determined in accordance with Treasury Regulation Sections 1.704-2(i)(4) and 1.704-2(j)(2) of the Regulations). This Section 6.4.2 6.4(a)(ii) is intended to comply with qualify as a "chargeback of partner nonrecourse debt minimum gain" within the minimum gain chargeback requirement in meaning of Regulation Section 1.704-2(i)(42(i) of the Regulations and which shall be interpreted consistently therewithcontrolling in the event of a conflict between such Regulation and this Section 6.4(a)(ii).

Partner Minimum Gain Chargeback. Except as otherwise provided in Section 1.704-2(i)(41.704–2(i)(4) of the Regulations, notwithstanding any other provision of this Exhibit C or of Article 6V, if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any Allocation Partnership Fiscal Year, each Interest Holder Partner who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Section 1.704-2(i)(51.704–2(i)(5) of the Regulations, shall be specially allocated items of Partnership income and gain for such Allocation Fiscal Year (and, if necessary, subsequent Allocation Fiscal Years) in an amount equal to such Interest Holder's Partner’s share of the net decrease in Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Regulations Section 1.704-2(i)(41.704–2(i)(4). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Interest Holder Partner pursuant thereto. The items to be so allocated shall be determined in accordance with Sections 1.704-2(i)(4Section 1.704–2(i)(4) and 1.704-2(j)(21.704–2(j)(2) of the Regulations. This Section 6.4.2 C.3(b) is intended to comply with the minimum gain chargeback requirement in Section 1.704-2(i)(41.704–2(i)(4) of the Regulations and shall be interpreted consistently therewith.

Partner Minimum Gain Chargeback. Except as otherwise provided in Treasury Regulations Section 1.704-2(i)(4) of the Regulations), notwithstanding any other provision of this Article 6ARTICLE 5 (other than Section 5.2(a) above), if there is a net decrease in Partner Nonrecourse Debt Minimum Gain attributable to a Partner Nonrecourse Debt during any Allocation Fiscal Year, each Interest Holder Partner who has a share of the Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(5) of the Regulations), shall be specially allocated items of Partnership income and gain for such Allocation Fiscal Year (and, if necessary, subsequent Allocation Fiscal Years) in an amount equal to such Interest Holder's Partner’s share of the net decrease in Partner Nonrecourse Debt Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(4). Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Interest Holder Partner pursuant thereto. The items to be so allocated shall be determined in accordance with Treasury Regulations Sections 1.704-2(i)(4) and 1.704-2(j)(2) of the Regulations2(j)(2)(ii). This Section 6.4.2 5.2(b) is intended to comply with the minimum gain chargeback requirement in Treasury Regulations Section 1.704-2(i)(4) of the Regulations and shall be interpreted consistently therewith.