Common use of Syndication Expenses Clause in Contracts

Syndication Expenses. Any syndication expenses which must be deducted from each Member’s Capital Account in accordance with Regulations Section 1.704-l(b)(2)(iv)(i)(2) in the year paid shall be allocated pro rata to the Members based on their Percentage Interest. If Members are admitted to the Company on different dates, all syndication expenses shall be divided among the Members from time to time so that, to the extent possible, the cumulative syndication expenses allocated pursuant to this Section A2(h) with respect to each Unit is the same amount. In the event the Management Committee shall determine that such result is not likely to be achieved through future allocations of syndication expenses, the Management Committee may allocate a portion of Profits or Losses so as to achieve the same effect on the Capital Accounts of the Members, notwithstanding any other provision of this Agreement.

Syndication Expenses. Any syndication expenses which must be deducted from each Member’s Capital Account in accordance with Regulations Section Regulation § 1.704-l(b)(2)(iv)(i)(21(b)(2)(iv)(i)(2) in the year paid shall be allocated pro rata to the Members based on their Percentage InterestInterests. If Members are admitted to the Company on different dates, all syndication expenses shall be divided among the Members from time to time so that, to the extent possible, the cumulative syndication expenses allocated pursuant to this Section A2(hA.2(h) with respect to each Unit is the same amount. In the event the Management Committee Manager shall determine that such result is not likely to be achieved through future allocations of syndication expenses, the Management Committee Manager may allocate a portion of Profits or Losses so as to achieve the same effect on the Capital Accounts of the Members, notwithstanding any other provision of this Agreement.