Depreciation Recapture. To the maximum extent permitted by the Code, income realized by the Fund in the nature of recapture of depreciation or other cost recovery allowances (other than of Non-recourse Deductions or Shareholder Non-recourse Deductions) shall be allocated to Shareholders in the same proportions as depreciation allowances were allocated to them.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy v Fund LLC), Limited Liability Company Agreement (Ridgewood Energy T Fund LLC), Limited Liability Company Agreement (Ridgewood Energy Q Fund LLC)
Depreciation Recapture. To the maximum extent permitted by the Code, income realized by the Fund in the nature of recapture of depreciation or other cost recovery allowances (other than of Non-recourse Deductions or Shareholder Non-recourse Deductions) shall be allocated to Shareholders in the same proportions as depreciation allowances were allocated to themthem pursuant to Section 4.3(a).
Appears in 6 contracts
Samples: Operating Agreement (Ridgewood Energy M Fund LLC), Operating Agreement (Ridgewood Energy L Fund LLC), Operating Agreement (Ridgewood Energy M Fund LLC)
Depreciation Recapture. To the maximum extent permitted by the Code, income realized by the Fund in the nature of recapture of depreciation or other cost recovery allowances (other than of Non-recourse Deductions or of Shareholder Non-recourse Deductions) shall be allocated to Shareholders in the same proportions as depreciation allowances were allocated to them.
Appears in 1 contract
Samples: Operating Agreement Limited Liability Company Agreement (Ridgewood Energy P Fund LLC)
