Common use of Special Allocation Clause in Contracts

Special Allocation. If, for federal income tax purposes, the Company is deemed to have made a deductible payment to a Member that is not actually paid, then notwithstanding Section 6.4(a), the deduction attributable to such payment shall be specially allocated to such Member.

Appears in 7 contracts

Samples: Limited Liability Company Operating Agreement (National CineMedia, Inc.), Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Amc Entertainment Inc)

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Special Allocation. If, for federal income tax purposes, the Company is deemed to have made a deductible payment to a Member that is not actually paid, then notwithstanding Section 6.4(a)2.1, the deduction attributable to such payment shall be specially allocated to such Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Regal Entertainment Group)

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