Income Tax Allocations. (a) Except as otherwise provided in this paragraph or as otherwise required by the Code and the rules and Treasury Regulations promulgated thereunder, a Partner’s distributive share of Partnership income, gain, loss, deduction, or credit for income tax purposes shall be the same as is entered in the Partner’s Capital Account pursuant to this Agreement.
Appears in 3 contracts
Samples: Transaction Agreement (OVERSTOCK.COM, Inc), Limited Partnership Agreement (OVERSTOCK.COM, Inc), Limited Partnership Agreement (J2 Global, Inc.)
Income Tax Allocations. (a) Except as otherwise provided in this paragraph or as otherwise required by the Code and the rules and Treasury Regulations promulgated thereunder, a Partner’s 's distributive share of Partnership income, gain, loss, deduction, or credit for income tax purposes shall be the same as is entered in the Partner’s 's Capital Account pursuant to this Agreement.
Appears in 2 contracts
Samples: Agreement (Adobe Systems Inc), Partnership Agreement (Adobe Systems Inc)
Income Tax Allocations. (a) Except as otherwise provided in this paragraph Article 5 or as otherwise required by the Code and the rules and Treasury Regulations promulgated thereunder, a Partner’s distributive share of Partnership income, gain, loss, deduction, or credit expense for income tax purposes shall be the same as is entered in the Partner’s Capital Account pursuant to this Agreement.
Appears in 1 contract
Samples: Limited Partnership Agreement
