Remedial Allocation Method. In the event that the remedial allocation method shall be elected with respect to the gain or loss on disposition of any HLA asset that is a partnership interest for U.S. federal income Tax purposes, then with respect to each item of loss allocated to the Corporation as a remedial item upon the disposition of such a partnership interest, the Corporation shall be required to pay to the HLA Members an aggregate amount of cash equal to 85% of the actually realized net tax savings for the Corporation that is attributable to such loss, calculated on a with and without basis as determined by the Corporation in its reasonable discretion, and such payment from the Corporation shall be divided among such HLA Members in proportion to their respective Percentage Interests in HLA. Payments under this Section 3.04 shall be made within 90 calendar days after the filing of the U.S. federal income Tax Return of the Corporation for the relevant Taxable Year.
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Samples: Tax Receivable Agreement (Hamilton Lane INC), Tax Receivable Agreement (Hamilton Lane INC), Tax Receivable Agreement (Hamilton Lane INC)
