Allocation Provisions Sample Clauses
Allocation Provisions. The following provisions apply with respect to the allocation of such items among the Members:
Allocation Provisions. Subject to applicable restrictions as shown on the Contract Data Page and described below, you may allocate all or part of the Contract Value among the available Fixed Rate and Index Strategies. The minimum amount that can be allocated to a Strategy is subject to the Minimum Allocation Percentage as shown on the Contract Data Page. Re-allocations among the available Strategies will be effective on the Contract Anniversary that is also a Term End Date provided the allocation instructions are received by us in Good Order. If we do not receive allocation instructions in Good Order, amounts will be reallocated to the same Strategy, if available. See attached Index Strategies and Fixed Rate Strategy riders for more information. Any re-allocation will be made only after all transactions are processed on the Contract Anniversary. Allocations to Index Strategies where the Term End Date is after the Latest Annuity Commencement Date will not be permitted. On or before the Annuity Commencement Date and while you are living, you may withdraw all or part of the Contract Value, pursuant to the terms of this Contract and as described below. Withdrawals, as described below, will be deducted in the following order until the requested Withdrawal amount has been satisfied:
Allocation Provisions. (1) For purposes of determining the amount of gain or loss to be allocated pursuant to Articles 3 and 5 of the Agreement, any basis adjustments permitted pursuant to Section 743 of the Code shall be disregarded.
(2) Except as otherwise provided in paragraph 5.7B of the Agreement, Partnership income, gain, loss, deductions, and credits shall be considered to have been earned and incurred ratably over the period of the fiscal year of the Partnership and shall be allocated to the Partners in accordance with the portion of the year during which the Partners have held their respective interests.
(3) Notwithstanding any other provision of the Agreement, to the extent required by law, income, gain, loss, and deduction attributable to property contributed to the Partnership by a Partner shall be shared among the Partners so as to take into account any variation between the basis of the property and the fair market value of the property at the time of contribution in accordance with the requirements of Section 704(c) of the Code and the applicable Treasury Regulations promulgated thereunder as more fully described in Part B hereof.
(4) Notwithstanding any other provision of the Agreement, in the event the Partnership is entitled to a deduction for interest imputed under any provision of the Code on any loan or advance from a Partner (whether such interest is currently deducted, capitalized, or amortized), such deduction shall be allocated solely to such Partner.
(5) Notwithstanding any provision of the Agreement to the contrary, to the extent any payments in the nature of fees made to a Partner are finally determined by the Internal Revenue Service to be distributions to a Partner for Federal income tax purposes, there will be a gross income allocation to such Partner in the amount of such distribution. 78
(a) Notwithstanding any provision of the Agreement to the contrary and subject to the exceptions set forth in Section 1.704-2(f) (2) - (5) of the Treasury Regulations, if there is a net decrease in Partnership Minimum Gain during any fiscal year of the Partnership, each Partner shall be specially allocated items of Partnership income and gain for such year (and, if necessary, subsequent years) in an amount equal to such Partner's share of the net decrease in Partnership Minimum Gain determined in accordance with Section 1.704-2(g)(2) of the Treasury Regulations. Allocations pursuant to the previous sentence shall be made in proportion to the respective amounts re...
Allocation Provisions. Notwithstanding the foregoing provisions of this Article 6:
