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Common use of Certain Special Allocations Clause in Contracts

Certain Special Allocations. Notwithstanding Section 3.1(a) and Section 3.1(b), special allocations of Profits, Losses, or specific items of income, gain, loss or deduction may be specially allocated for any Allocation Year as follows:

Appears in 3 contracts

Sources: Limited Liability Company Agreement (MCI Income Fund VII, LLC), Limited Liability Company Agreement (MCI Income Fund VII, LLC), Limited Liability Company Agreement (MCI Income Fund V, LLC)

Related Clauses

  • Special Allocations
  • General Allocations
  • Additional Allocation Provisions
  • Special Allocations Regarding LTIP Units
  • Section 704(c) Allocations

Parent Clauses

  • Allocations for Capital Account Purposes
  • Allocations
  • Redemption of Partnership Interests of Non-citizen Assignees
  • Allocation of Profits and Losses
  • Special Allocations and Section 754 Adjustments

Sub-Clauses

  • Qualified Income Offset
  • Minimum Gain Chargeback
  • Terminating Capital Event
  • Special Allocation of Certain Amortization
  • Member Minimum Gain Chargeback
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