Examples of Restoration Amount in a sentence
If any Partner has a deficit balance in its Capital Account that exceeds its Restoration Amount as of the end of any accounting period, there shall be allocated to such Partner items of Partnership income and gain (including gross income and gross gain) in the amount of such excess as quickly as possible.
No member shall be allocated Losses or deductions if such allocation causes a Member's Negative Capital Account to increase in excess of the Member's Restoration Amount.
In the event that the Restoration Amount subsequently increases by the awarding of additional contracts or change orders, or new contracts are entered into to perform Unanticipated Restoration Work, the Restoration Reserve shall be increased accordingly.
The payments of any CEOC Notes Restoration Amount and any Withheld Amount pursuant to the Transaction Agreement shall be treated as “guaranteed payments” by the Company to CEC (or its Subsidiary or Subsidiaries, as applicable) in accordance with Section 707(c) of the Code.