Common use of Allocations of Taxable Income or Loss Clause in Contracts

Allocations of Taxable Income or Loss. (a) Except as provided in Section 5.3(b), (c), or (d) or as otherwise required by the Code or Treasury Regulations, solely for U.S. federal income tax purposes, items of Company taxable income, gain, loss and deduction for each Fiscal Year shall be allocated among the Members in the same manner as each correlative item of income, gain, loss and deduction, as determined for Capital Account purposes, is allocated pursuant to Section 5.1 and Section 5.2.

Allocations of Taxable Income or Loss. (a) Except as provided in Section 5.3(b4.4(b), (c), or (d) or as otherwise required by the Code or Treasury Regulations, solely for U.S. federal income tax purposeseach Fiscal Year, items of Company taxable income, gain, loss and deduction of the Company, determined solely for each Fiscal Year federal income tax purposes, shall be allocated among to the Members in the same manner as each correlative item of income, gain, loss Income or Loss and deduction, as determined for Capital Account purposes, Net Income or Net Loss is allocated to the Members pursuant to Section 5.1 4.1, Section 4.2 and Section 5.24.3.

Allocations of Taxable Income or Loss. (a) Except as provided in Section ‎Section 5.3(b), (c), ) or (d‎(c) or as otherwise required by the Code or Treasury Regulations, solely for U.S. federal income tax purposes, items of Company taxable income, gain, loss and deduction for each Fiscal Year fiscal year or other relevant period shall be allocated among the Members in the same manner as each correlative item of income, gain, loss and deduction, as determined for Capital Account purposes, is allocated pursuant to Section ‎Section 5.1 and Section ‎Section 5.2.

Allocations of Taxable Income or Loss. (a) Except as otherwise provided in this Section 5.3(b)5.3, (c)for each taxable year or other relevant period, or (d) or as otherwise required by the Code or Treasury Regulations, solely for U.S. federal income tax purposes, items each item of Company taxable income, gain, loss and deduction for each Fiscal Year tax purposes shall be allocated among the Members in the same manner as each correlative item of income, gain, loss and deduction, as determined for Capital Account purposes, is allocated pursuant to Section 5.1 and Section 5.2.

Allocations of Taxable Income or Loss. (a) Except as provided in Section 5.3(b), subsections (c), or (db)-(d) below or as otherwise required by the Code or Treasury Regulations, solely for U.S. federal income tax purposes, items of Company taxable income, gain, loss and deduction for each Fiscal Allocation Year shall be allocated among the Members in the same manner as each correlative item of income, gain, loss and deduction, as determined for Capital Account purposes, is allocated pursuant to Section 5.1 and Section 5.2.

Allocations of Taxable Income or Loss. (a) Except as provided in Section 5.3(b), subsections (c), or (db)-(d) below or as otherwise required by the Code or Treasury Regulations, solely for U.S. federal income tax purposes, items of Company taxable income, gain, loss and deduction for each Fiscal Allocation Year shall be allocated among the Members in the same manner as each correlative item of income, gain, loss and deduction, as determined for Capital Account purposes, is allocated pursuant to Section Sections 5.1 and Section 5.2.