Allocation Limitations Sample Clauses

Allocation Limitations. Notwithstanding Section 6.02, special allocations of income and gain or specific items of income or gain may be specially allocated for any Fiscal Year (or other period) as follows:
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Allocation Limitations. If the Employer maintains or has ever maintained another qualified plan (other than this Plan and the Prototype Profit Sharing Plan #001), in which any Participant in this Plan is (or was) a participant or could become a participant, this Section IX must be completed. The Employer must also complete this Section IX if it maintains a welfare benefit fund, as defined in Section 419(e) of the Code, or an individual medical account, as defined in Section 415(l)(2) of the Code, under which amounts are treated as annual additions with respect to any Participant in this Plan. IF YOU MAINTAIN SUCH OTHER PLAN(S), FAILURE TO COMPLETE THIS SECTION IX MAY ADVERSELY EFFECT THE QUALIFICATION OF THE PLANS YOU MAINTAIN.
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Allocation Limitations. Specified Account Funds, Spread Account Funds and Holding Account Deposited Funds, pursuant to Section 2.03(d) of the MCA Agreement, may be invested under Reinvestment Contracts with the Bank and WFAL2 only in accordance with the following; aggregate limitations (in addition to any limitations set forth in Reinvestment Contracts or other wise under Reinvestment Contracts): Bank WFAL2 ---- ----- Specified Account No Limit Up to 25% of the amount of funds on Invested Funds deposit in each Specified Account for such Series Spread Account No Limit No Limit Invested Funds Holding Account No Limit 0 Deposited Funds Capitalized terms not otherwise defined in this Schedule A shall have the meanings specified in the MCA Agreement to which this Schedule A is annexed. SCHEDULE B MONTHLY COLLATERAL STATEMENT This certificate is given by the undersigned pursuant to the requirements of Section 3.02(b) of the Fourth Amended and Restated Master Collateral Assignment Agreement dated as of September 1, 2002, among Western Financial Bank (the "Bank"), WFS Financial Auto Loans, Inc. ("WFAL"), WFS Financial Auto Loans 2, Inc. ("WFAL2"), WFS Receivables Corporation, WFS Receivables Corporation 2, Western Funding, Inc., Financial Security Assurance Inc., Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as Trustee and Collateral Agent, and Deutsche Bank National Trust Company (formerly known as Bankers Trust Company of California, N.A.), as Master Collateral Agent (the "MCA Agreement"). All capitalized terms used herein have the definitions given for them in the MCA Agreement. The undersigned hereby certifies that the following information is a full, complete and accurate statement as to (1) the Aggregate Commingled Account and (ii) the Aggregate Collateral Value as of ______________.
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Allocation Limitations. Notwithstanding Section 5.1(c), special allocations of Net Income, Net Loss or specific items of income, gain, loss or deduction may be required for any fiscal year (or other period) as follows:
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Allocation Limitations 
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Related to Allocation Limitations

  • Loss Allocation Limitation No allocation of Net Loss (or items thereof) shall be made to any Holder to the extent that such allocation would create or increase an Adjusted Capital Account Deficit with respect to such Holder.

  • Distribution Limitation Notwithstanding any other provision in this Article 5, the General Partner shall have the power, in its reasonable discretion, to adjust the distributions to the Special Limited Partner to the extent necessary to avoid violations of the “2%/25% Guidelines” as described in the Advisory Agreement.

  • LIMITATIONS ON ALLOCATIONS If the Employer maintains or has ever maintained another qualified plan (other than the Sponsor's paired defined contribution plan numbers 01001, 01004 or 01005 or the Sponsor's paired defined benefit plan number 02001), in which any Participant in this Plan is (or was) a Participant or could possibly become a Participant, the following provision(s) must apply. The Employer must also complete this Section if it maintains a welfare benefit fund, as defined in section 419(e) of the Code, or an individual medical account, as defined in section 415(l)(2) of the Code, under which amounts are treated as Annual Additions with respect to any Participant in the Plan. (If the Employer maintains only paired plans of the Sponsor this Section should not be completed.)

  • Book Allocations The net income and net loss of the Company shall be allocated entirely to the Member.

  • Allocations The profits and losses of the Company shall be allocated to the Members in accordance with their Percentage Interests from time to time.

  • Corrective Allocations In the event of any allocation of Additional Book Basis Derivative Items or any Book-Down Event or any recognition of a Net Termination Loss, the following rules shall apply:

  • Section 704(c) Allocations Notwithstanding Section 6.5.A hereof, Tax Items with respect to Property that is contributed to the Partnership with an initial Gross Asset Value that varies from its basis in the hands of the contributing Partner immediately preceding the date of contribution shall be allocated among the Holders for income tax purposes pursuant to Regulations promulgated under Code Section 704(c) so as to take into account such variation. With respect to Partnership Property that is contributed to the Partnership in connection with the General Partner’s initial public offering, such variation between basis and initial Gross Asset Value shall be taken into account under the “traditional method” as described in Regulations Section 1.704-3(b). With respect to other Properties, the Partnership shall account for such variation under any method approved under Code Section 704(c) and the applicable Regulations as chosen by the General Partner. In the event that the Gross Asset Value of any Partnership asset is adjusted pursuant to subsection (b) of the definition of “Gross Asset Value” (provided in Article 1 hereof), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations and using the method chosen by the General Partner; provided, however, that the “traditional method” as described in Regulations Section 1.704-3(b) shall be used with respect to Partnership Property that is contributed to the Partnership in connection with the General Partner’s initial public offering. Allocations pursuant to this Section 6.5.B are solely for purposes of Federal, state and local income taxes and shall not affect, or in any way be taken into account in computing, any Partner’s Capital Account or share of Net Income, Net Loss, or any other items or distributions pursuant to any provision of this Agreement.

  • Other Allocations Except as otherwise provided in this Agreement, all items of Partnership income, loss, deduction, and any other allocations not otherwise provided for shall be divided among the Unit Holders in the same proportions as they share Profits or Losses, as the case may be, for the year.

  • Curative Allocations The allocations set forth in Sections 6.4.A(i), (ii), (iii), (iv), (v), (vi) and (vii) hereof (the “Regulatory Allocations”) are intended to comply with certain regulatory requirements, including the requirements of Regulations Sections 1.704-1(b) and 1.704-2. Notwithstanding the provisions of Sections 6.1 and 6.2 hereof, the Regulatory Allocations shall be taken into account in allocating other items of income, gain, loss and deduction among the Holders so that to the extent possible without violating the requirements giving rise to the Regulatory Allocations, the net amount of such allocations of other items and the Regulatory Allocations to each Holder shall be equal to the net amount that would have been allocated to each such Holder if the Regulatory Allocations had not occurred.

  • General Allocations 26 Section 6.3

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