Overriding Principles. The provisions of the Agreement (including this Exhibit B and the other exhibits to this Agreement), relating to the maintenance of capital accounts and allocations are intended to comply with Regulation Section 1.704-1(b) and shall be interpreted and applied in a manner consistent with such Regulations. In the event the General Partner shall determine that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits thereto are computed in order to comply with such Regulations, the General Partner may make such modifications, provided that such modification is not likely to have a material adverse effect on the amounts distributable to any Partner or Assignee, pursuant to Article VIII of this Agreement, upon dissolution of the Partnership. EXHIBIT C TO SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF STRATEGIC TIMBER PARTNERS, LP SPECIAL ALLOCATION RULES Notwithstanding the provisions of Section 6.1 of the Agreement, the Special Allocation Rules of this Exhibit C are controlling as to the allocation of any items of Partnership income, gain, loss and deduction.
Overriding Principles. Generally, the provisions of Sections III.A.1, 2 and 5(b) will apply without exception. However, and notwithstanding Sections III.A.5, 6, and 9, the Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE Act”) made some changes to the rules regarding required minimum distributions. For distributions with respect to Depositors who die after December 31, 2019, only an “Eligible Designated Beneficiary” can elect to take payments over their life expectancy, and any remaining IRA benefits following such Beneficiary’s death must be distributed by the end of the tenth year following the year of the Beneficiary’s death. All other Designated Beneficiaries must take their IRA benefits by the end of the tenth year following the year of the Depositor’s death. Moreover, if the Depositor dies before such effective date, and the Designated Beneficiary dies on or after such date, any remaining IRA benefits following such Beneficiary’s death must be distributed by the end of the tenth year following the year of the Beneficiary’s death.
Overriding Principles. 2.1 The Parties agree to work together and agree to adopt the following principles for working together in relation to the Framework Agreement, to:
Overriding Principles. 3.1 Negotiations and the Agreement-in-Principle and the Final Agreement for the amalgamation of the organizations into a Unified Entity and the Supplementary Agreement for the creation of a new form of government in Nunavik shall be consistent with and provide, among other principles, for the following principles:
Overriding Principles. The Parties agree that the following overriding principals ("Overriding Principles") shall govern and control the respective performances and observances of and compliances with the covenants, terms, conditions and other provisions of this Agreement on the part of each of the Parties to be performed, observed and complied with:
Overriding Principles. The pool will consist of a concentrated portfolio of companies where the entry price is backed by absolute value in terms of assets, recurrent cash flows or rights over assets and where we have sufficient influence to gain a board position.
Overriding Principles. Surplus cash will be invested as part of a treasury function. The objective is to earn an attractive return on these funds while ensuring short term liquidity pending investment opportunities.
Overriding Principles. The provisions of the Agreement (including this Exhibit B and the other exhibits to this Agreement), relating to the maintenance of capital accounts and allocations are intended to comply with Regulation Section 1.704-1(b) and shall be interpreted and applied in a manner consistent with such Regulations. In the event the General Partner shall determine that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits thereto are computed in order to comply with such Regulations, the General Partner may make such modifications, provided that such modification is not likely to have a material adverse effect on the amounts distributable to any Partner or Assignee, pursuant to Article VIII of this Agreement, upon dissolution of the Partnership.
Overriding Principles. (a) If applicable, design and construct cast in place or precast concrete of appropriate properties for the intended use in accordance with the requirements of all applicable Laws, standards and specifications.
Overriding Principles. The provisions of the Agreement (including this Exhibit B and the other exhibits to this Agreement), relating to the maintenance of capital accounts and allocations are intended to comply with Regulation Section 1.704-1(b) and shall be interpreted and applied in a manner consistent with such Regulations. In the event the General Partner shall determine that it is prudent to modify the manner in which the Capital Accounts, or any debits or credits thereto are computed in order to comply with such Regulations, the General Partner may make such modifications, provided that such modification is not likely to have a material adverse effect on the amounts distributable to any Partner or Assignee, pursuant to Article VIII of this Agreement, upon dissolution of the Partnership. The General Partner also shall (i) make any adjustments that are necessary or appropriate to maintain equality between the Capital Accounts of the Partners and the amount of Partnership Capital reflected on the Partnership's balance sheet, as computed for book purposes, in accordance with Regulation Section 704.-1(b)(2)(iv)(q), and (ii) make any appropriate modifications if unanticipated events might otherwise cause this Agreement not to comply with Regulation Section 1.704-1(b). EXHIBIT C
