Administrative Matters. (a) The Member is the sole member of the Company. Accordingly, for U.S. federal income tax purposes, the Company shall be disregarded as an entity separate from the Member, and the assets and liabilities and all items of income, gain, loss and deduction shall be treated as the assets and liabilities and items of income, gain, loss and deduction of the Member.
Appears in 12 contracts
Samples: Operating Agreement (FD Spinco II, Inc.), Operating Agreement (FD Spinco II, Inc.), Operating Agreement (FD Spinco II, Inc.)
Administrative Matters. (a) The a)The Member is the sole member of the Company. Accordingly, the Company shall be disregarded for U.S. federal income tax purposes, the Company shall be disregarded as an entity separate from the Member, purposes and the assets and liabilities and all items of income, gain, income and gain and loss and deduction shall be treated as the assets and liabilities and items of income, gain, income and gain and loss and deduction of the Member.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (QualTek Wireline LLC), Liability Company Agreement (QualTek Wireline LLC), Limited Liability Company Agreement (QualTek Wireline LLC)
Administrative Matters. (a) The Member is the sole member of the Company. Accordingly, for U.S. federal Federal income tax purposes, the Company shall be disregarded as an entity separate from the Member, and the assets and liabilities and all items of income, gain, income and gain and loss and deduction of the Company shall be treated as the assets and liabilities and items of income, gain, income and gain and loss and deduction of the Member.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Horizon Lines Ventures, LLC), Limited Liability Company Agreement (Horizon Lines Ventures, LLC), Limited Liability Company Agreement (Horizon Lines Ventures, LLC)
Administrative Matters. (a) The Member is the sole member of the Company. Accordingly, the Company shall be disregarded for U.S. federal income tax purposes, the Company shall be disregarded as an entity separate from the Member, purposes and the assets and liabilities and all items of income, gain, income and gain and loss and deduction shall be treated as the assets and liabilities and items of income, gain, income and gain and loss and deduction of the Member.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (PJC Manchester Realty LLC), Limited Liability Company Agreement (QualityTech, LP), Limited Liability Company Agreement (Tops Markets Ii Corp)
Administrative Matters. (a) The Member is the sole member of the Company. Accordingly, for U.S. federal income tax purposes, the Company shall be disregarded as an entity separate from the Member, for federal income tax purposes and the assets and liabilities and all items of income, gain, income and gain and loss and deduction shall be treated as the assets and liabilities and items of income, gain, income and gain and loss and deduction of the Member.
Appears in 1 contract
