Capital Accounts Allocations Tax Matters Sample Clauses

Capital Accounts Allocations Tax Matters. Section 5.
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Capital Accounts Allocations Tax Matters. 23 Section 5.01 Capital Accounts 23 Section 5.02 Allocations 24 Section 5.03 Regulatory Allocations 25 Section 5.04 Final Allocations 26 Section 5.05 Tax Allocations 26 Section 5.06 Indemnification and Reimbursement for Payments on Behalf of a Member 27 ARTICLE VI MANAGEMENT 28 Section 6.01 Authority of Manager; Officer Delegation .......................................... 28 Section 6.02 Actions of the Manager ............................................................................. 29 Section 6.03 Resignation; No Removal......................................................................... 29 Section 6.04 Vacancies ....................................................................................................... 29 Section 6.05 Transactions Between the Company and the Manager.................... 29 Section 6.06 Reimbursement for Expenses .................................................................. 29 Section 6.07 Delegation of Authority............................................................................. 30 Section 6.08 Limitation of Liability of Manager ........................................................ 30 Section 6.09 Investment Company Act ......................................................................... 32
Capital Accounts Allocations Tax Matters. 22 Section 5.01 Capital Accounts 22 Section 5.02 Allocations 23 Section 5.03 Regulatory Allocations 23 Section 5.04 Allocations in General 25 Section 5.05 Tax Allocations 25 Section 5.06 Indemnification and Reimbursement for Payments on Behalf of a Member 26 Article VI. MANAGEMENT 27 Section 6.01 Authority of Manager 27 Section 6.02 Actions of the Manager 28 Section 6.03 Resignation; No Removal 28 Section 6.04 Vacancies 28 Section 6.05 Transactions Between the Company and the Manager 28 Section 6.06 Reimbursement for Expenses 29 Section 6.07 Delegation of Authority 29 Section 6.08 Limitation of Liability of Manager 30 Section 6.09 Investment Company Act 31
Capital Accounts Allocations Tax Matters. 23 Section 5.01 Capital Accounts 23 Section 5.02 Allocations 24 Section 5.03 Regulatory Allocations 25 Section 5.04 Final Allocations 26 Section 5.05 Tax Allocations 26 Section 5.06 Indemnification and Reimbursement for Payments on Behalf of a Member 27 ARTICLE VI MANAGEMENT 28
Capital Accounts Allocations Tax Matters. 30 SECTION 5.01
Capital Accounts Allocations Tax Matters 

Related to Capital Accounts Allocations Tax Matters

  • Tax Allocations Code Section 704(c).

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Curative Allocations The allocations set forth in Sections 6.4.A(i), (ii), (iii), (iv), (v), (vi) and (vii) hereof (the “Regulatory Allocations”) are intended to comply with certain regulatory requirements, including the requirements of Regulations Sections 1.704-1(b) and 1.704-2. Notwithstanding the provisions of Sections 6.1 and 6.2 hereof, the Regulatory Allocations shall be taken into account in allocating other items of income, gain, loss and deduction among the Holders so that to the extent possible without violating the requirements giving rise to the Regulatory Allocations, the net amount of such allocations of other items and the Regulatory Allocations to each Holder shall be equal to the net amount that would have been allocated to each such Holder if the Regulatory Allocations had not occurred.

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