Common use of Special Debits Clause in Contracts

Special Debits. Debit to such Capital Account the items described in Regulations Sections 1.704-1(b)(2)(ii)(d) (4), 1.704-1(b)(2)(ii)(d)(5) and/or 1.704-1(b)(2)(ii)(d)(6). The definition of Adjusted Capital Account Deficit is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

Appears in 2 contracts

Samples: Operating Agreement (Salem Communications Corp /De/), Operating Agreement (Salem Communications Corp /De/)

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Special Debits. Debit to such Capital Account the items described in Regulations Sections 1.704-1(b)(2)(ii)(d) (4), 1.704-1(b)(2)(ii)(d)(5) and/or 1.704-1(b)(2)(ii)(d)(6). The definition of Adjusted Capital Account Deficit is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.intended

Appears in 1 contract

Samples: Operating Agreement (Salem Communications Corp /De/)

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Special Debits. Debit to such Capital Account the items described in Regulations Sections 1.704-1(b)(2)(ii)(d) (4), 1.704-1(b)(2)(ii)(d)(5) and/or 1.704-1.704- 1(b)(2)(ii)(d)(6). The definition of Adjusted Capital Account Deficit is intended to comply with the provisions of Regulations Section RegulationsSection 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

Appears in 1 contract

Samples: Operating Agreement (Salem Communications Corp /De/)

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