Common use of Distributive Shares for Tax Purposes Clause in Contracts

Distributive Shares for Tax Purposes. There shall be allocated to each Partner for federal income tax purposes a separate distributive share of all Partnership income, gain, loss, deduction and credit as follows:

Distributive Shares for Tax Purposes. There shall be allocated to each Partner Member for federal income tax purposes a separate distributive share of all Partnership Company income, gain, loss, deduction and credit as follows: