Common use of Regulatory and Special Allocations Clause in Contracts

Regulatory and Special Allocations. Notwithstanding the provisions of Section 4.2, Net Profit, Net Loss and items thereof shall be allocated to the Members in the manner and to the extent required by the Treasury Regulations under Section 704 of the Code, including without limitation, the provisions thereof dealing with minimum gain chargebacks, partner minimum gain chargebacks, qualified income offsets, partnership nonrecourse deductions, partner nonrecourse deductions, forfeiture allocations, and the provisions dealing with deficit capital accounts in Sections 1.704-2(g)(1), 1.704-2(i)(5), and 1.704-1(b)(2)(ii)(d).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Iridium Communications Inc.), Limited Liability Company Agreement (Iridium Communications Inc.), Limited Liability Company Agreement (Iridium Communications Inc.)

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Regulatory and Special Allocations. Notwithstanding the provisions of allocations set forth in Section 4.29(b), Net ProfitOdonate Holdings’ net profit, Net Loss net loss and items thereof shall be allocated to the Members in the manner and to the extent required by the Treasury Regulations under Section 704 of the Code, including without limitation, the provisions thereof dealing with minimum gain chargebacks, partner minimum gain chargebacks, qualified income offsets, partnership nonrecourse deductions, partner nonrecourse deductions, forfeiture allocations, and the provisions dealing with deficit capital accounts in Sections 1.704-2(g)(1), 1.704-2(i)(5), and 1.704-1(b)(2)(ii)(d).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Odonate Therapeutics, LLC), Limited Liability Company Agreement (Odonate Therapeutics, Inc.)

Regulatory and Special Allocations. Notwithstanding the provisions of allocations set forth in Section 4.25.2.1, Net Profitthe Company’s net profit, Net Loss net loss and items thereof shall be allocated to the Members in the manner and to the extent required by the Treasury Regulations Income Tax Regulations, including, but not limited to under Section 704 of the Code, including without limitation, the provisions thereof dealing with minimum gain chargebacks, partner minimum gain chargebacks, qualified income offsets, partnership nonrecourse deductions, partner nonrecourse deductions, forfeiture allocations, and the provisions dealing with deficit capital accounts Capital Accounts in accordance with Sections 1.704-2(g)(1), 1.704-2(i)(4), 1.704-2(i)(5), 1.704-2(j)(2)(ii) and 1.704-1(b)(2)(ii)(d).

Appears in 1 contract

Samples: Operating Agreement (Monaker Group, Inc.)

Regulatory and Special Allocations. Notwithstanding the provisions of allocations set forth in Section 4.26.2.1, Net Profitthe Company’s net profit, Net Loss net loss and items thereof shall be allocated to the Members in the manner and to the extent required by the Treasury Regulations Income Tax Regulations, including, but not limited to under Section 704 of the Code, including without limitation, the provisions thereof dealing with minimum gain chargebacks, partner minimum gain chargebacks, qualified income offsets, partnership nonrecourse deductions, partner nonrecourse deductions, forfeiture allocations, and the provisions dealing with deficit capital accounts Capital Accounts in accordance with Sections 1.704-2(g)(1), 1.704-2(i)(4), 1.704-2(i)(5), 1.704-2(j)(2)(ii) and 1.704-1(b)(2)(ii)(d).

Appears in 1 contract

Samples: Operating Agreement (NextPlay Technologies Inc.)

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Regulatory and Special Allocations. Notwithstanding the provisions of Section 4.2, Net Profitincome, Net Loss gain, loss, deduction and items thereof credits shall be allocated to the Members Shareholders in the manner and to the extent required by the Treasury Regulations under Section 704 704(b) of the Code, including without limitation, the provisions thereof dealing with minimum gain chargebacks, partner minimum gain chargebacks, qualified income offsets, partnership nonrecourse deductions, partner nonrecourse deductions, forfeiture allocationsallocations (if applicable), and the provisions dealing with deficit capital accounts in Sections 1.704-2(g)(1), 1.704-2(i)(5), and 1.704-1(b)(2)(ii)(d).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Clip Interactive, LLC)

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