Deemed Contribution definition
Examples of Deemed Contribution in a sentence
The portion of any payment required to be made pursuant to clause (B) of the preceding sentence in excess of the amount of the Capital Contribution a Partner would have been required to make pursuant to Section 3.3(b)(i) shall constitute an Additional Amount (which Additional Amount shall not be treated as a Capital Contribution or Deemed Contribution) and the remainder of such payment shall constitute a Capital Contribution.
Notwithstanding anything in this Agreement to the contrary, for so long as the Partnership is treated as a disregarded entity for federal and applicable state and local income tax purposes, the provisions of Sections 5.1 (Allocation of Profit and Loss), 10.5 (Tax Elections; Special Basis Adjustments) and 11.3 (Deemed Contribution and Distribution) shall not apply.
Nonrecourse Deductions shall be allocated to the Members in proportion to the amount of money and the Fair Market Value of any Property (other than money) contributed by the Members pursuant to any provision of this Agreement (including, upon the issuance of Matching Units to the Members pursuant to Section 5.01(a), their respective Deemed Contribution Amounts).
Deemed Contribution and Liquidation......................35 SECTION 13.05.
The Common Shares issued upon the exchange of the Rollover Units shall have an aggregate Deemed Contribution Account (as defined in the Amended and Restated Operating Agreement) equal to the proceeds that would otherwise have been payable hereunder on account of the Rollover Units.
Deemed Contribution Date ------------------------ The Company ESOP contribution determined hereunder shall be credited to the Participant's ESOP Account as of the last day of the applicable Plan Year.
The Deemed Contribution Amount shall be applied solely for purposes of making the adjustments to the Partners' Percentage Interests or Allocation Percentage, as the case may be, pursuant to this Section 8.2(d) and shall not affect, or be taken into account in determining, the Partners' Capital Accounts or other rights to the capital of the Partnership.
The Common Shares issued upon the exchange of the Blocker Common Units will have an aggregate Deemed Contribution Account equal to the Original Blocker Stock Price.
Section 11.4. Deemed Contribution and Distribution Section 11.5. Rights of Members Section 11.6.