Common use of Consistent Reporting Clause in Contracts

Consistent Reporting. Each Member is aware of the income tax consequences of the allocations made by this Agreement and of its duty under Section 6222 of the Code to treat each item of Company income, gain, loss, deduction or credit in a manner that is consistent with the treatment of such items on the Company’s tax return(s).

Consistent Reporting. Each Member is The Members are aware of the income tax consequences of the allocations made by this Agreement and shall report their shares of its duty under Section 6222 of the Code to treat each item Profits and Losses and other items of Company income, gain, loss, loss and deduction or credit in a manner that is consistent for income tax purposes consistently with the treatment of such items on the Company’s tax return(s)this Agreement.

Consistent Reporting. Each Member is The Members are aware of the income tax consequences of the allocations made by this Agreement Article VII and of its duty under Section 6222 hereby agree to be bound by those allocations as reflected on the partnership information returns of the Code to treat each item Company in reporting their shares of Company income and loss for income tax purposes. Each Member agrees to report its distributive share of Company items of income, gain, loss, deduction or and credit on its separate return in a manner that is consistent with the treatment reporting of such items on to it by the Company’s tax return(s).