Allocation of Tax Items. For federal, state and local income tax purposes and for purposes of maintaining the Venturers' Capital Accounts, except as otherwise provided herein, each item of income, gain, loss and deduction of the Venture for each tax year shall be allocated to the Venturers in accordance with their Distribution Percentage Interests.
Appears in 3 contracts
Samples: Joint Venture Agreement (Wells Real Estate Investment Trust Inc), Joint Venture Agreement (Wells Real Estate Investment Trust Inc), Joint Venture Agreement (Wells Real Estate Investment Trust Inc)
Allocation of Tax Items. For federal, state and local income ----------------------- tax purposes and for purposes of maintaining the Venturers' Capital Accounts, except as otherwise provided herein, each item of income, gain, loss and deduction of the Venture for each tax year shall be allocated to the Venturers in accordance with their Distribution Percentage Interests.
Appears in 3 contracts
Samples: Joint Venture Partnership Agreement, Joint Venture Agreement (Wells Real Estate Investment Trust Inc), Joint Venture Partnership Agreement (Wells Real Estate Investment Trust Inc)
Allocation of Tax Items. For federal, state and local ----------------------- income tax purposes and for purposes of maintaining the Venturers' Capital Accounts, except as otherwise provided herein, each item of income, gain, loss and deduction of the Venture for each tax year shall be allocated to the Venturers in accordance with their Distribution Percentage Interests.
Appears in 2 contracts
Samples: Joint Venture Partnership Agreement (Wells Real Estate Fund Xii Lp), Joint Venture Partnership Agreement (Wells Real Estate Investment Trust Inc)
Allocation of Tax Items. For federal, state and local income tax ----------------------- purposes and for purposes of maintaining the Venturers' Capital Accounts, except as otherwise provided herein, each item of income, gain, loss and deduction of the Venture for each tax year shall be allocated to the Venturers in accordance with their Distribution Percentage Interests.
Appears in 1 contract
Samples: Joint Venture Agreement (Wells Real Estate Fund Xi L P)
Allocation of Tax Items. For federal, state and local income tax purposes and for purposes of maintaining the Venturers' β Capital Accounts, except as otherwise provided herein, each item of income, gain, loss and deduction of the Venture for each tax year shall be allocated to the Venturers in accordance with their Distribution Percentage Interests.
Appears in 1 contract
Samples: Joint Venture Partnership Agreement (Wells Real Estate Fund Xiii L P)
