RESPONSIBILITY ALLOCATION Sample Clauses

RESPONSIBILITY ALLOCATION. The components of the Design Team shall have primary responsibilities as follows:
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RESPONSIBILITY ALLOCATION. 41 12.2 Definitions...........................................................................41 12.3 Vendor receives claim.................................................................42 12.4 Purchaser receives claim..............................................................42 12.5 Vendors receive claim for post-Closing product or service.............................43 12.6 Claim made for product or service spanning Closing....................................43 12.7 Indemnities reduced by recovery from third parties....................................43
Sample 1
RESPONSIBILITY ALLOCATION. The Vendors and the Purchasers agree that any defective product (as defined in Section 12.2 below) manufactured (as defined in Section 12.2 below) and/or sold or defective service (as defined in Section 12.2 below) supplied prior to Closing in connection with the Operations shall be the responsibility of the US Vendor or Canadian Vendor, as the case may be; and that any defective product manufactured and/or sold or defective service supplied after Closing in connection with the Operations shall be the responsibility of the US Purchaser or Canadian Purchaser, as the case may be.
Sample 1
RESPONSIBILITY ALLOCATION. Tenant shall indemnify, hold harmless, protect and defend the City against any claim arising out of any increase in Hazardous Materials contamination of the Premises for which it is responsible under Section 23.b above. As between City and Tenant, City shall be responsible for all other Hazardous Materials contamination of the Premises, and shall indemnify, hold harmless, protect and defend Tenant against any claim arising out of any such contamination. For purposes of this paragraph, a claim includes any claim, demand, investigation, threat of investigation, remediation, damage, economic or other loss or liability, and defending includes the fees of experts and attorneys and the other expenses of defending against any of the foregoing, regardless of whether litigation is instituted.
Sample 1

Related to RESPONSIBILITY ALLOCATION

  • Risk Allocation The Product is Regulatorily Continuing.

  • Regulatory Allocations Notwithstanding any provisions of paragraph 1 of this Exhibit B, the following special allocations shall be made.

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

  • Other Allocation Provisions Certain of the foregoing provisions and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Treasury Regulations Section 1.704-1(b) and shall be interpreted and applied in a manner consistent with such regulations. Sections 5.03, 5.04 and 5.05 may be amended at any time by the General Partner if necessary, in the opinion of tax counsel to the Partnership, to comply with such regulations or any applicable Law, so long as any such amendment does not materially change the relative economic interests of the Partners.

  • 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.

  • Additional Allocation Provisions Notwithstanding the foregoing provisions of this Article 6:

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

  • Tax Allocation Prior to the Closing, Seller and Purchaser shall cooperate in good faith to determine a reasonable allocation of the total consideration paid for the Transferred Assets, as finally determined pursuant to Section 2.1(d), Section 2.1(i) and Section 3.3, in accordance with Section 1060 of the Code and the Treasury Regulations promulgated thereunder (the “Purchase Price Allocation”). Seller and Purchaser shall cooperate in good faith to mutually agree to such allocation and shall reduce such agreement to writing, which agreement shall be reflected in an Exhibit 2.1(j) to be approved by Seller and Purchaser prior to Closing. Seller and Purchaser shall jointly and properly execute each party’s respective completed Internal Revenue Service Form 8594, and any other forms or statements required by the Code (or state or local Tax law), Treasury Regulations or the Internal Revenue Service or other Governmental Authority (together with any and all attachments required to be filed therewith), which forms and statements will be prepared in a manner consistent with the Purchase Price Allocation. Seller and Purchaser shall file timely such forms and statements with the Internal Revenue Service or other Governmental Authority. The Purchase Price Allocation shall be appropriately adjusted to take into account any subsequent payments under this Agreement and any other subsequent events required to be taken into account under Section 1060 of the Code. Seller and Purchaser shall not file any Tax Return or other documents or otherwise take any position with respect to Taxes that is inconsistent with the Purchase Price Allocation; provided, however, that neither Seller nor Purchaser shall be obligated to litigate any challenge to such allocation by any Governmental Authority. Seller and Purchaser shall promptly inform one another of any challenge by any Governmental Authority to any allocation made pursuant to this Section 2.1(j) and agree to consult with and keep one another informed with respect to the state of, and any discussion, proposal or submission with respect to, such challenge.

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

  • 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.

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