Common use of Allocations Solely for Tax Purposes Clause in Contracts

Allocations Solely for Tax Purposes. Allocations pursuant to this Section 4.7 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Partner’s Capital Account or share of Profits and Losses or other items or distributions pursuant to any provision of this Agreement.

Appears in 3 contracts

Samples: Subscription and Support Agreement (Blue Eagle Holdings, L.P.), Subscription and Support Agreement (Blue Eagle Holdings, L.P.), Contribution and Support Agreement (Innotrac Corp)

AutoNDA by SimpleDocs

Allocations Solely for Tax Purposes. Allocations pursuant to this Section 4.7 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any PartnerMember’s Capital Account or share of Profits and Losses or other items or distributions pursuant to any provision of this Agreement.

Appears in 2 contracts

Samples: Transaction Agreement (Nord Anglia Education, Inc.), Transaction Agreement (Nord Anglia Education, Inc.)

Allocations Solely for Tax Purposes. Allocations pursuant to this Section 4.7 3.05 are solely for purposes of U.S. federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Partner’s Capital Account or Member's share of Profits and Losses or other items or distributions pursuant to any provision of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Iridium LLC), Limited Liability Company Agreement (Iridium World Communications LTD)

Allocations Solely for Tax Purposes. Allocations pursuant to this Section 4.7 4.8 are solely for purposes of U.S. federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any PartnerMember’s Capital Account or share of Profits profits and Losses losses or other items or distributions pursuant to any provision of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Adeptus Health Inc.), Limited Liability Company Agreement (Adeptus Health Inc.)

AutoNDA by SimpleDocs

Allocations Solely for Tax Purposes. Allocations pursuant to this Section 4.7 4.6 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any PartnerMember’s Capital Account or share of Profits and Losses or other items or distributions pursuant to any provision of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Dolan Media CO), Operating Agreement (Dolan Media CO)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!