Common use of Allocation of Income, Gains and Losses Clause in Contracts

Allocation of Income, Gains and Losses. The Company shall initially be a disregarded entity for federal tax purposes and all items of income, gain, loss and deduction shall be allocated to its sole member.

Appears in 3 contracts

Samples: Company Agreement (Entergy Arkansas Inc), Company Agreement (Entergy Mississippi Inc), Company Agreement (Entergy Gulf States Louisiana, LLC)

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Allocation of Income, Gains and Losses. The Company shall initially be a disregarded entity for federal tax purposes and all items of income, gain, loss and deduction shall be allocated to its sole memberMember.

Appears in 1 contract

Samples: Company Agreement (Entergy New Orleans, Inc)

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