Common use of Item Allocations Clause in Contracts

Item Allocations. If Manager determines that allocations of Profits and/or Losses over the term of the Company are not likely to produce the Adjusted Capital Account Balances intended under this Section 4.1, then special allocations of income, gain, loss and/or deduction shall be made as deemed appropriate by Manager to achieve the intended Adjusted Capital Account Balances.

Appears in 1 contract

Sources: Operating Agreement (Columbia Equity Trust, Inc.)

Item Allocations. If To the extent the Manager determines that allocations of Profits and/or Losses over the term of the Company are not likely to produce the Adjusted Capital Account Balances intended under this Section 4.1, then special allocations of income, gain, loss and/or deduction shall be made as deemed appropriate necessary by the Manager to achieve the intended Adjusted Capital Account Balances.

Appears in 1 contract

Sources: Operating Agreement (Environtech Inc.)

Item Allocations. If To the extent the Manager reasonably determines that allocations of Profits and/or Losses over the term of the Company are not likely to produce the Adjusted Capital Account Balances intended under this Section 4.15.1, then special allocations of items of income, gain, loss and/or deduction shall be made as deemed appropriate necessary by the Manager to achieve the intended Adjusted Capital Account Balances.

Appears in 1 contract

Sources: Operating Agreement