Common use of Section 704 Allocations Clause in Contracts

Section 704 Allocations. Any special allocations necessary to comply with the requirements set forth in Section 704 of the Code and the corresponding Regulations, including the qualified income offset and minimum gain chargeback provisions contained therein, shall be made.

Section 704 Allocations. Any special allocations necessary to comply with the requirements set forth in Section section 704 of the Code and the corresponding Regulations, including the qualified income offset and minimum gain chargeback provisions contained therein, shall be made.