Regulatory Allocations Exhibit definition
Examples of Regulatory Allocations Exhibit in a sentence
The Partners understand the income tax consequences of the allocations made by this Article and by the Regulatory Allocations Exhibit and hereby agree to report for income tax purposes their share of Partnership income and loss in accordance with those allocations as reflected on the information returns of the Partnership.
Except as provided in the Regulatory Allocations Exhibit, Profits and Losses of the LLC shall be allocated to the Members in accordance with their respective Sharing Percentages.
The Members understand the income tax consequences of the allocations made by this Article and by the Regulatory Allocations Exhibit and hereby agree to report for income tax purposes their share of LLC income and loss in accordance with those allocations as reflected on the information returns of the LLC.
The Exhibits to this Agreement, each of which is incorporated by reference, are: Exhibit A: Information Exhibit Exhibit B: Glossary of Terms Exhibit C: Regulatory Allocations Exhibit Exhibit D: Appraisal Exhibit Exhibit E: Form of Registration Rights Agreement Many of the capitalized words and phrases used in this Agreement are defined below.
Subject to Sections 2.4(b)(iv), 4.1(b), 4.2, and 4.3, Profits (and items thereof) and Losses (and items thereof) for each Fiscal Year shall be allocated to the Members in amounts that would result in Capital Account balances for each Member, after taking into account the adjustments set forth in the Regulatory Allocations Exhibit, equal to all amounts required to be distributed pursuant to Sections 3.2 and 8.3(b) in the priority manner provided therein on a hypothetical liquidation of the LLC.