Common use of Treatment of Regulatory Allocations Clause in Contracts

Treatment of Regulatory Allocations. The allocations set forth in this Section 6.2(d) (the "Regulatory Allocations") are intended to comply with and shall be interpreted consistently with certain requirements of Treasury Regulations Sections 1.704-1 and 1.704-2. Notwithstanding any other provisions of this Article VI (other than the Regulatory Allocations), the Regulatory Allocations shall be taken into account in allocating other Net Profits and Net Losses and items of income, gain, loss and deduction among Unitholders so that, to the extent possible, the net amount of such allocations of other Net Profits and Net Losses and other items and the Regulatory Allocations to each Unitholder shall be equal to the net amount that would have been allocated to such Unitholder if the Regulatory Allocations had not occurred.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Acl Capital Corp)

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Treatment of Regulatory Allocations. The allocations set forth in this Section 6.2(d6.2(c) (the "Regulatory AllocationsREGULATORY ALLOCATIONS") are intended to comply with and shall be interpreted consistently with certain requirements of Treasury Regulations Sections 1.704-1 and 1.704-2. Notwithstanding any other provisions of this Article VI (other than the Regulatory Allocations), the Regulatory Allocations shall be taken into account in allocating other Net Profits and Net Losses and items of income, gain, loss and deduction among Unitholders so that, to the extent possible, the net amount of such allocations of other Net Profits and Net Losses and other items and the Regulatory Allocations to each Unitholder shall be equal to the net amount that would have been allocated to such Unitholder if the Regulatory Allocations had not occurred.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Vertex Aerospace Inc)

Treatment of Regulatory Allocations. The allocations set forth in this Section 6.2(d) 7.03 (the "Regulatory Allocations") are intended to comply with and shall be interpreted consistently with certain requirements of Treasury Regulations Sections 1.704-1 and 1.704-2. Notwithstanding any other provisions of this Article VI VII (other than the Regulatory Allocations), the Regulatory Allocations shall be taken into account in allocating other Net Profits and Net Losses and items of income, gain, loss and deduction among Unitholders Members so that, to the extent possible, the net amount of such allocations of other Net Profits and Net Losses and other items and the Regulatory Allocations to each Unitholder Member shall be equal to the net amount that would have been allocated to such Unitholder Member if the Regulatory Allocations had not occurred.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Nalco Holding CO)

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Treatment of Regulatory Allocations. The allocations set forth in this Section 6.2(d) (the "Regulatory AllocationsREGULATORY ALLOCATIONS") are intended to comply with and shall be interpreted consistently with certain requirements of Treasury Regulations Sections 1.704-1 and 1.704-2. Notwithstanding any other provisions of this Article VI (other than the Regulatory Allocations), the Regulatory Allocations shall be taken into account in allocating other Net Profits and Net Losses and items of income, gain, loss and deduction among Unitholders so that, to the extent possible, the net amount of such allocations of other Net Profits and Net Losses and other items and the Regulatory Allocations to each Unitholder shall be equal to the net amount that would have been allocated to such Unitholder if the Regulatory Allocations had not occurred.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Commercial Lines LLC)

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