Common use of Ordering Rules Clause in Contracts

Ordering Rules. Anything contained in this Agreement to the contrary notwithstanding, allocations for any fiscal year or other period of Nonrecourse Deductions or Member Nonrecourse Deductions, or of items required to be allocated pursuant to the minimum gain chargeback requirements contained in Section 7.4(b) and Section 7.4(c) hereof, shall be made before any other allocations hereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ashton Houston Residential L.L.C.)

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Ordering Rules. Anything contained in this Agreement to the contrary notwithstanding, allocations for any fiscal year Fiscal Year or other period of Nonrecourse Deductions or Member Nonrecourse Deductionsnonrecourse deductions (as defined in clause (D) above), or of items required to be allocated pursuant to the minimum gain chargeback requirements contained in Section 7.4(b5.5(A) and Section 7.4(c) hereof5.5(B), shall be made before any other allocations hereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)

Ordering Rules. Anything contained in this Agreement to the contrary notwithstanding, allocations for any fiscal year Fiscal Year or other period of Nonrecourse Deductions or Member Nonrecourse Deductionsnonrecourse deductions (as defined in clause (d) above), or of items required to be allocated pursuant to the minimum gain chargeback requirements contained in Section 7.4(b5.6(A) and Section 7.4(c) hereof5.6(B), shall be made before any other allocations hereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)

Ordering Rules. Anything contained in this Agreement to the contrary notwithstanding, allocations for any fiscal year Fiscal Year or other period of Nonrecourse Deductions or Member Nonrecourse Deductionsnonrecourse deductions (as defined in clause (d) above), or of items required to be allocated pursuant to the minimum gain chargeback requirements contained in Section 7.4(b5.4(A) and Section 7.4(c) hereof5.4(B), shall be made before any other allocations hereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Keystone Property Trust)

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Ordering Rules. Anything contained in this Agreement to the contrary notwithstanding, allocations for any fiscal year Taxable Year or other period of Nonrecourse Deductions or Member Nonrecourse Deductionsnonrecourse deductions (as defined in Section 5.6(E) above), or of items required to be allocated pursuant to the minimum gain chargeback requirements contained in Section 7.4(b5.6(A) and Section 7.4(c) hereof5.6(B), shall be made before any other allocations hereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)

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