Common use of Treatment of Certain Distributions Clause in Contracts

Treatment of Certain Distributions. (a) In the event that (i) the Company makes a distribution that would (but for this subsection (a)) be treated as a Nonrecourse Distribution, and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner receiving such distribution as of the end of the Company's taxable year in which such distribution occurs, then such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) the Company makes a distribution that would (but for this subsection Subsection (a)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's ’s taxable year in which such distribution occurs, ; then the Managing Member may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § Treas. Reg. §1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) the Company makes a distribution that would (but for this subsection Subsection (a)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's ’s taxable year in which such distribution occurs, ; then the Board may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § Treas. Reg. §1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) the Company makes a distribution that would (but for this subsection Subsection (a)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's ’s taxable year in which such distribution occurs, ; then the Company may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § Treas. Reg. Section 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) the Company makes a distribution that would (but for this subsection (a)) be treated as a Nonrecourse Distribution, and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner receiving such distribution as of the end of the Company's taxable year in which such distribution occurs, then such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § ss. 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) ---------------------------------- the Company makes a distribution that would (but for this subsection Subsection (a)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's taxable year in which such distribution occurs, ; then the Manager may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § Treas. Reg. (S) 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) If (A) the Company makes a distribution that would (but for this subsection (aSection 3.10(d)(i)) be treated as a Nonrecourse Distribution, Distribution and (iiB) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's taxable year ’s Tax Year in which such distribution occurs, then the Company may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations Treas. Reg. § 1.704-2(h)(3).

Treatment of Certain Distributions. (aA) In the event that (i) the Joint Venture Company makes a distribution that would (but for this subsection Subsection (aA)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Joint Venture Company's ’s taxable year in which such distribution occurs, ; then the Board of Managers may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations Treas. Reg. § 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) the Company makes a distribution that would (but for this subsection Subsection (a)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's ’s taxable year in which such distribution occurs, ; then the Board of Managers may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations Treas. Reg. § 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) If (A) the Company makes a distribution that would (but for this subsection (aSection 7(c)(i)) be treated as a Nonrecourse Distribution, Distribution and (iiB) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's taxable year ’s Tax Year in which such distribution occurs, then the Company may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations Treas. Reg. § 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) If (A) the Company makes a distribution that would (but for this subsection (aSection 3.10(c)(i)) be treated as a Nonrecourse Distribution, Distribution and (iiB) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's taxable year ’s Tax Year in which such distribution occurs, then the Company may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations Treas. Reg. § 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) the Company makes a distribution that would (but for this subsection Subsection (a)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's taxable year in which such distribution occurs, ; then the Manager may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § Treas. Reg. Section 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that (i) the Company Partnership makes a distribution that would (but for this subsection (a)) be treated as a Nonrecourse Distribution, and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner receiving such distribution as of the end of the CompanyPartnership's taxable year in which such distribution occurs, then such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § 1.704-2(h)(3).

Treatment of Certain Distributions. (a) In the event that that: (i) the Company makes a distribution that would (but for this subsection Subsection (a)) be treated as a Nonrecourse Distribution, ; and (ii) such distribution does not cause or increase a deficit balance in the Capital Account of the Partner Member receiving such distribution as of the end of the Company's taxable year in which such distribution occurs, ; then the Manager may treat such distribution may be treated as not constituting a Nonrecourse Distribution to the extent permitted by Treasury Regulations § Treas. Reg. Section 1.704-2(h)(3).