Common use of Matching Allocations Clause in Contracts

Matching Allocations. If the Ultimate Parent or any of its direct or indirect subsidiaries receives a distribution pursuant to clause (B) of Section 4.01(a) during any Fiscal Year, the Ultimate Parent or such subsidiary shall be specially allocated items of gross income for such Fiscal Year (and subsequent Fiscal Years, if necessary) in an amount equal to such distribution.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Sk Telecom Co LTD), Limited Partnership Agreement (Virgin Mobile USA, Inc.)

Matching Allocations. If the Ultimate Parent or any of its direct or indirect subsidiaries receives a distribution pursuant to clause (B) of the second sentence of Section 4.01(a4.01 (a) during any Fiscal Year, the Ultimate Parent or such subsidiary shall be specially allocated items of gross income for such Fiscal Year (and subsequent Fiscal Years, if necessary) in an amount equal to such distribution.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Wcof, LLC), Limited Partnership Agreement (Virgin Mobile USA, Inc.)