Examples of United States Treasury Regulations in a sentence
The items to be so allocated shall be determined in accordance with United States Treasury Regulations Section 1.704- 2(f).
To the extent not provided for in the preceding sentence, the Capital Accounts of the Partners shall be adjusted and maintained in accordance with the rules of United States Treasury Regulations Section 1.704-1(b)(2)(iv), as the same may be amended or revised; provided that such adjustment and maintenance does not have a material adverse effect on the economic interests of the Partners.
This Section 9.3(b) is intended to qualify with the “qualified income offset” requirement of the United States Treasury Regulations.
The foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with United States Treasury Regulations promulgated under Section 704 of the Code and shall be interpreted and applied in a manner consistent with such regulations.
This Section 9.3(a) is intended to comply with the minimum gain chargeback requirements in such United States Treasury Regulations Sections and shall be interpreted consistently therewith; including that no chargeback shall be required to the extent of the exceptions provided in United States Treasury Regulations Sections 1.704-2(f) and 1.704-2(i)(4).
GMCF will monitor the distribution of the Fund to ensure it is used exclusively for charitable or other exempt purposes (within the meaning of Codes Section 170(c)(1) or (2)(B)), and will recommend modifications if needed as specified in United States Treasury Regulations Section 1.170A-9(e)(11)(v)(B).
As a result, certain of the defined terms herein contain the words “Partner” or “Partnership” as the terms are defined in such manner in the United States Treasury Regulations promulgated by the Internal Revenue Service but shall refer to “Member” and “Company,” respectively.
Any other item which is required to be reflected in a Partner’s Capital Account under Section 704(b) of the Code and the United States Treasury Regulations promulgated thereunder or otherwise under this Agreement shall be so reflected.
The Settling Parties agree to treat the Aggregate Settlement Fund at all times as a “qualified settlement fund” (“QSF”) within the meaning of Section 468B of the Internal Revenue Code of 1986, as amended, and United States Treasury Regulations thereunder, including § 1.468B-1.
Operator, if it is a U.S. Party, is authorized and directed to execute and file for each Party such evidence of this election as may be required by the Internal Revenue Service, including all of the returns, statements, and data required by United States Treasury Regulations Sections 1.761-2 and 1.6031(a)-1(b)(5) and shall provide a copy thereof to each U.S. Party.