Conformance with Regulations. The provisions of this Section 2.5 are intended to comply with Treasury Regulation Section 1.704-1(b) regarding the maintenance of the capital accounts of the Members and this Section 2.5 shall be interpreted and applied in a manner consistent with such Regulations.
Appears in 2 contracts
Sources: Operating Agreement (Floridian Financial Group Inc), Operating Agreement (Floridian Financial Group Inc)
Conformance with Regulations. The provisions of this Section 2.5 4.2 are intended to comply with Treasury Regulation Section 1.704-1(b) regarding the maintenance of the capital accounts Capital Accounts of the Members and this Section 2.5 4.2 shall be interpreted and applied in a manner consistent with such Regulations.
Appears in 1 contract
Sources: Operating Agreement