Special Fee Allocation Sample Clauses
The Special Fee Allocation clause defines how certain fees are distributed among parties in a contract, often deviating from standard allocation methods. This clause may specify that particular costs, such as regulatory fees or one-time charges, are assigned to a specific party rather than being shared equally. Its core practical function is to ensure transparency and fairness in handling unique or extraordinary expenses, thereby preventing disputes over who is responsible for these costs.
Special Fee Allocation. If any fee or other amount payable to a Member is determined for tax purposes to be a payment to such Member of a distributive share of Company income or gain (rather than being a fee or expenditure in the nature of an amount payable to a person who is not a Member or other than in such person's capacity as a Member), then such amount shall be treated (for tax purposes and for purposes of determining Capital Accounts) as an allocation of gross income to such Member in the year such amount is accrued, and a distribution in the year such amount is paid. However, the priority of payment of any such item shall be unaffected by such treatment.
Special Fee Allocation. If any Overhead Fee or Opening Bonus (as those terms are defined in Sections 8.1 and 8.2), or any other fee or other amount payable to a Member, is determined for income tax purposes to be a payment to such Member of a distributive share of Company income or gain (rather than being a fee or expenditure in the nature of an amount payable to a Person who is not a Member or other than in such Person's capacity as a Member), then such amount shall be treated (for income tax purposes and for purposes of determining Capital Accounts) as an allocation of gross income to such Member in the year such amount is accrued, and a Distribution in the year such amount is paid. However, the priority of payment of any such item shall be unaffected by such treatment.
Special Fee Allocation. 19 ARTICLE 8.................................................................................................... 20 DISTRIBUTIONS........................................................................................... 20