Common use of Gross Income Allocations Clause in Contracts

Gross Income Allocations. To the extent required by the Regulations, in the event a Member has a deficit balance in its Capital Account at the end of any taxable year of the Company in excess of the sum of (A) the amount such Member is required to restore pursuant to the provisions of this Agreement, if any, and (B) the amount such Member is deemed obligated to restore pursuant to Treas. Reg. § 1.704-2(g) and 1.704-2(i)(5), such Member shall be specially allocated items of Company income and gain in the amount of such excess as quickly as possible, provided that an allocation pursuant to this Section 3(d) shall be made if and only to the extent that such Member would have an Adjusted Capital Account Deficit after all other allocations have been tentatively made as if this Section 3(d) were not in this Exhibit A.

Gross Income Allocations. To the extent required by the Regulations, in In the event a any Member has a deficit balance in its Adjusted Capital Account at the end of any Company taxable year of the Company period in excess of the sum of (A) the amount such Member is required obligated to restore pursuant to the provisions any provision of this Agreement, if any, Agreement and (B) the amount such Member is deemed obligated to restore pursuant to Treas. Reg. § Treasury Regulation sections 1.704-2(g) and 1.704-2(i)(5), such Member shall be specially allocated items of Company gross income and gain in the amount of such excess as quickly as possible; provided, provided that an allocation pursuant to this Section 3(dB1.3(c)(v) shall be made only if and only to the extent that such Member would have an a deficit balance in its Adjusted Capital Account Deficit after all other allocations provided in this Section B1.3 have been tentatively made as if this Section 3(dB1.3(c)(v) and Section B1.3(c)(iii) were not in this Exhibit A.Agreement.

Gross Income Allocations. To the extent required by the Regulations, in the event a Member has a deficit balance in its Capital Account at the end of any taxable year of the Company in excess of the sum of (A) the amount such Member is required to restore pursuant to the provisions of this Agreement, if any, and (B) the amount such Member is deemed obligated to restore pursuant to Treas. Reg. § 1.704-2(g) and 1.704-2(i)(5), such Member shall be specially allocated items of Company income and gain in the amount of such excess as quickly as possible, provided that an allocation pursuant to this Section 3(d) shall be made if and only to the extent that such Member would have an Adjusted Capital Account Deficit after all other allocations have been tentatively made as if this Section 3(d) were not in this Exhibit Appendix A.

Gross Income Allocations. To the extent required by the Regulations, in In the event a any Member has a deficit balance in its Adjusted Capital Account at the end of any Company taxable year of the Company period in excess of the sum of (A) the amount such Member is required obligated to restore pursuant to the provisions any provision of this Agreement, if any, Agreement and (B) the amount such Member is deemed obligated to restore pursuant to Treas. Reg. § Treasury Regulation sections 1.704-2(g) and 1.704-1.704- 2(i)(5), such Member shall be specially allocated items of Company gross income and gain in the amount of such excess as quickly as possible; provided, provided that that, an allocation pursuant to this Section 3(dD1.3(c)(v) shall be made only if and only to the extent that such Member would have an a deficit balance in its Adjusted Capital Account Deficit after all other allocations provided in this Section D1.3(c) have been tentatively made as if this Section 3(dD1.3(c)(v) and Section D1.3(c)(iii) were not in this Exhibit A.the Agreement.