Allocations for Tax and Book Purposes. Except as otherwise provided herein, any allocation to a Member for a Fiscal Year or other period of a portion of the Tax Book Profit or Tax Book Loss, or of a specially allocated item, shall be determined to be an allocation to such Member of the same proportionate part of each item of income, gain, loss, deduction or credit, as the case may be, as is earned, realized or available by or to the Company for federal tax purposes.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Gmac LLC)
Allocations for Tax and Book Purposes. Except as otherwise provided hereinherein or required by law, any allocation to a Member for a Fiscal Year fiscal year or other period of a portion of the Tax Book Profit or Tax Book Loss, or Loss of a specially allocated item, the Company shall be determined to be an allocation to such that Member of the same proportionate part of each item of income, gain, loss, deduction or credit, as the case may be, as is earned, realized or available by or to the Company for federal tax purposesCompany.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ambase Corp), Limited Liability Company Agreement (Ambase Corp)
Allocations for Tax and Book Purposes. Except as otherwise provided herein, any allocation to a Member for a Fiscal Year fiscal year or other period of a portion of the Tax Book Profit or Tax Book Loss, or of a specially allocated item, shall be determined to be an allocation to such that Member of the same proportionate part of each item of income, gain, loss, deduction or credit, as the case may be, as is earned, realized or available by or to the Company for federal Federal tax purposes.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (American Tower Systems Corp), Limited Liability Company Agreement (American Radio Systems Corp /Ma/)
Allocations for Tax and Book Purposes. Except as otherwise provided herein, any allocation to a Member Partner for a Fiscal Year fiscal year or other period of a portion of the Tax Book Profit or Tax Book Loss, or of a specially allocated item, shall be determined to be an allocation to such Member that Partner of the same proportionate part of each item of income, gain, loss, deduction or credit, as the case may be, as is earned, realized or available by or to the Company Partnership for federal tax purposes.
Appears in 2 contracts
Samples: Limited Partnership Agreement (River Medical Inc), Limited Partnership Agreement (Mobile Medic Ambulance Service Inc)
Allocations for Tax and Book Purposes. Except as otherwise provided hereinherein or required by law, any allocation to a Member for a Fiscal Year fiscal year or other period of a portion of the Tax Book Profit or Tax Book Loss, or Loss of a specially allocated item, shall the Company will be determined to be an allocation to such that Member of the same proportionate part of each item of income, gain, loss, deduction or credit, as the case may be, as is earned, realized or available by or to the Company for federal tax purposesCompany.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CaliberCos Inc.)
Allocations for Tax and Book Purposes. Except as otherwise provided herein, any allocation to a Member for a Fiscal Year fiscal year or other period of a portion of the Tax Book Profit or Tax Book Loss, or of a specially allocated item, shall be determined to be an allocation to such that Member of the same proportionate part of each item of income, gain, loss, deduction or credit, as the case may be, as is earned, realized or available by or to the Company for federal Federal tax purposes. Each Member will report his respective share of federal income taxes in accordance with the allocations set forth herein.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Sandalwood Lodging Investment Corp)
Allocations for Tax and Book Purposes. Except as otherwise provided herein, any allocation to a Member for a Fiscal Year or other period of a portion of the Tax Book Profit or Tax Book Loss, or of a specially allocated item, shall be determined to be an allocation to such that Member of the same proportionate part of each item of income, gain, loss, deduction or credit, as the case may be, as is earned, realized or available by or to the Company for federal Federal tax purposes.
Appears in 1 contract
