Common use of Allocations Generally Clause in Contracts

Allocations Generally. The income, gains, losses and deductions of the Company will be allocated for federal, state and local income tax purposes among the Members in accordance with the allocation of such income, gains, losses, and deductions among the Members for computing their Capital Accounts pursuant to Section 8.01(a) and Section 8.01(b); except that if any such allocation is not permitted by the Code or other applicable Law, the Company’s income, gains, losses and deductions will be allocated among the Members so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.

Allocations Generally. The income, gains, losses losses, deductions and deductions credits of the Company will be allocated for federal, state and local income tax purposes among the Members Unitholders in accordance with the allocation of such income, gains, losses, deductions and deductions credits among the Members Unitholders for computing their Capital Accounts pursuant to Section 8.01(a) and Section 8.01(b)Accounts; except provided, that if any such allocation is not permitted by the Code or other applicable Lawlaw, then the Company’s subsequent income, gains, losses losses, deductions and deductions credits will be allocated among the Members Unitholders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.

Allocations Generally. The income, gains, losses losses, deductions and deductions credits of the Company will be allocated for federal, state and local income tax purposes among the Members Unitholders in accordance with the allocation of such income, gains, losses, deductions and deductions credits among the Members Unitholders for computing their Capital Accounts pursuant to Section 8.01(a) and Section 8.01(b)Accounts; except that if any such allocation is not permitted by the Code or other applicable Lawlaw, the Company’s subsequent income, gains, losses losses, deductions and deductions credits will be allocated among the Members Unitholders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.

Allocations Generally. The Subject to the other provisions of this Section 8.01(d), the items of income, gains, losses losses, and deductions of the Company will be allocated for federal, state and local income tax purposes among the Members in accordance with the allocation of such items of income, gains, losses, and deductions among the Members for computing their Capital Accounts pursuant to Section 8.01(a) and Section 8.01(b)Accounts; except that if any such allocation is not permitted by the Code or other applicable Law, the Company’s items of income, gains, losses and deductions will be allocated among the Members so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.