Depreciation Recapture. In the event there is any recapture of Depreciation, the allocation of gain or income attributable to such recapture shall be shared by the Members in the same proportion as the deduction for such Depreciation was shared.
Appears in 4 contracts
Samples: Operating Agreement (Energy Conversion Devices Inc), Operating Agreement (Chevrontexaco Corp), Limited Liability Company Agreement (Energy Conversion Devices Inc)
Depreciation Recapture. In the event If there is any recapture of DepreciationDepreciation or investment tax credit, the allocation of gain or income attributable to such recapture shall will be shared by the Members in the same proportion as the deduction for such Depreciation or investment tax credit was shared, to the extent possible.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Greenbrier Companies Inc), Limited Liability Company Agreement (Greenbrier Companies Inc)
Depreciation Recapture. In the event there is any recapture of Depreciation---------------------- Depreciation or investment tax credit, the allocation of gain or income attributable to such recapture shall be shared by the Members in the same proportion as the deduction for such Depreciation or investment tax credit was shared.
Appears in 2 contracts
Samples: Company Agreement (Fiber Glass Systems Lp), Company Agreement (Fiber Glass Systems Lp)
Depreciation Recapture. In the event there is any recapture ---------------------- of Depreciation, the allocation of gain or income attributable to such recapture shall be shared by the Members in the same proportion as the deduction for such Depreciation was shared.
Appears in 1 contract
Samples: Operating Agreement (Energy Conversion Devices Inc)
Depreciation Recapture. In the event there is any recapture of DepreciationDepreciation or investment tax credit, the allocation of gain or income attributable to such recapture shall be shared by the Members in the same proportion as the deduction for or such Depreciation or investment tax credit was shared.
Appears in 1 contract
Samples: Company Agreement
