Allocations Generally. The income, gains, losses and deductions of Holdings LLC will be allocated for federal, state and local income tax purposes among the Unitholders in accordance with the allocation of such income, gains, losses and deductions among the Unitholders for computing their Capital Accounts; except that if any such allocation is not permitted by the Code or other applicable law, Holdings LLC’s subsequent income, gains, losses and deductions will be allocated among the Unitholders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Pathology Solutions, LLC)
Allocations Generally. The income, gains, losses and deductions of Holdings LLC the Company will be allocated for federal, state and local income tax purposes among the Unitholders in accordance with the allocation of such income, gains, losses and deductions among the Unitholders for computing their Capital Accounts; except that if any such allocation is not permitted by the Code or other applicable law, Holdings LLCthe Company’s subsequent income, gains, losses losses, deductions and deductions credits will be allocated among the Unitholders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Chicago Pacific Founders UGP, LLC)
Allocations Generally. The income, gains, losses and deductions of Holdings LLC the Company will be allocated for federal, state and local income tax purposes among the Unitholders in accordance with the allocation of such income, gains, losses and deductions among the Unitholders for computing their Capital Accounts; except that if any such allocation is not permitted by the Code or other applicable law, Holdings LLC’s the Company's subsequent income, gains, losses losses, deductions and deductions credits will be allocated among the Unitholders so as to reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.. [*] INDICATES CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND HAS BEEN FILED SEPARATELY WITH THE COMMISSION
Appears in 1 contract
Sources: Limited Liability Company Agreement (ChromaDex Corp.)
Allocations Generally. The income, gains, losses and deductions of Holdings LLC the Company will be allocated for federal, state and local income tax purposes among the Unitholders Members in accordance with the allocation of such income, gains, losses and deductions among among the Unitholders Members for computing their Capital Accounts; except that if any such allocation allocation is not permitted by the Code or other applicable law, Holdings LLCthe Company’s subsequent incomeincome, gains, losses losses, deductions and deductions credits will be allocated among the Unitholders Members so as to reflect reflect as nearly as possible the allocation set forth herein in computing their Capital Accounts.Accounts.
Appears in 1 contract
Sources: Limited Liability Company Agreement (CQENS Technologies Inc.)