Common use of Allocation for Tax Purposes Clause in Contracts

Allocation for Tax Purposes. For each fiscal year ----------------------------------------- items of income, deduction, gain, loss or credit shall be allo- cated for income tax purposes among the Partners in such manner as to reflect equitably amounts credited or debited to each Partner's Capital Account for the current and prior Fiscal Years (or relevant portions thereof). Allocations under this Section 3.06 shall be made pursuant to the principles of Section 704(b) and 704(c) of the Internal Revenue Code of 1986, as amended (the "Code"), and in conformity with Regulations Sections 1.704- 1(b)(2)(iv)(f) and 1.704-1(b)(4)(i) and 1.704-3

Allocation for Tax Purposes. For each fiscal year ----------------------------------------- items of income, deduction, gain, loss or credit shall be allo- cated for income tax purposes among the Partners in such manner as to reflect equitably amounts credited or debited to each Partner's Capital Account for the current and prior Fiscal Years (or relevant portions thereof). Allocations under this Section 3.06 shall be made pursuant to the principles of Section 704(b) and 704(c) of the Internal Revenue Code of 1986, as amended (the "Code"), and in conformity with Regulations Sections 1.704- 1(b)(2)(iv)(f(b)(2)(iv)(f) and 1.704-1(b)(4)(i) and 1.704-3

Allocation for Tax Purposes. For each fiscal year ----------------------------------------- items of income, deduction, gain, loss or credit shall be allo- cated for income tax purposes among the Partners in such manner as to reflect equitably amounts credited or debited to each PartnerPart- ner's Capital Account for the current and prior Fiscal Years (or relevant portions thereof). Allocations under this Section 3.06 shall be made pursuant to the principles of Section 704(b) and 704(c) of the Internal Revenue Code of 1986, as amended (the "Code"), and in conformity with Regulations Sections 1.704- 1(b)(2)(iv)(f) and 1.704-1(b)(4)(i) and 1.704-3

Allocation for Tax Purposes. For each fiscal year ----------------------------------------- t (a) ^ or eack fseal year, items of income, deduction, gain, loss or credit shall shau be allo- cated allocated for income tax purposes among the Partners Members in such manner as to reflect equitably amounts credited or debited to each Partner's Member’s Capital Account for the current and prior Fiscal Years fiscal year (or relevant portions thereof). Allocations under this Section 3.06 Sec. 3.10 shall be made pursuant to the principles of Section 704(b) and 704(c) of o f the Internal Revenue Code of 1986, as amended (the "Code"), and in conformity with Regulations Sections 1.704- 1(b)(2)(iv)(f1.704-1 (h)(2)(ivX0 and (g), 1. 704-l(bX4)(i) and 1.704-1(b)(4)(i3(e) promulgated thereunder, as applicable, or the successor provisions to such Section and 1.704-3Regulations.