Common use of Income Tax Allocations Clause in Contracts

Income Tax Allocations. (a) Except as provided in this Section 5.02, each item of income, gain, loss and deduction of the Partnership for federal income tax purposes shall be allocated among the Partners in the same manner as such items are allocated for purposes of maintaining Capital Account under Section 5.01.

Appears in 19 contracts

Samples: Agreement (Enterprise Products Partners L P), Management and Operation (Enterprise Products Partners L P), Enterprise Products Partners L P

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Income Tax Allocations. (a) Except as provided in this Section 5.025.5, each item of income, gain, loss and deduction of the Partnership Company for federal income tax purposes shall be allocated among the Partners Members in the same manner as such items are allocated for book purposes of maintaining Capital Account under Section 5.01Sections 5.1 and 5.2.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Calumet Specialty Products Partners, L.P.), Limited Liability Company Agreement (Calumet Specialty Products Partners, L.P.), Limited Liability Company Agreement (Hiland Partners, LP)

Income Tax Allocations. (ai) Except as otherwise provided in this Section 5.026.2, each item of income, gain, loss and deduction of the Partnership for federal income tax purposes shall be allocated among the Partners for federal income tax purposes in the same manner as such items are allocated for purposes of maintaining Capital Account under Section 5.01Sections 6.2(a), 6.2(b) and 6.2(c).

Appears in 2 contracts

Samples: General Partnership Agreement (Regency Energy Partners LP), General Partnership Agreement (Regency Energy Partners LP)

Income Tax Allocations. (a) 6.4.1 Except as provided in this Section 5.026.4, each item of income, gain, loss and deduction of the Partnership for federal income tax purposes shall be allocated among the Partners in the same manner as such items are allocated for book purposes of maintaining Capital Account under Section 5.016.1, Section 6.2, and Section 6.3.

Appears in 1 contract

Samples: Limited Partnership Agreement (Tc Pipelines Lp)

Income Tax Allocations. (a) Except as provided in this ---------------------- Section 5.024.2, each item of income, gain, loss and deduction of the Partnership for federal income tax purposes shall be allocated among the Partners in the same manner as such items are allocated for book purposes of maintaining Capital Account under Section 5.014.1.

Appears in 1 contract

Samples: Pure Resources Inc

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Income Tax Allocations. (a) Except as provided in this Section 5.027.5, each item of income, gain, loss and deduction of the Partnership for federal income tax purposes shall be allocated among the Partners in the same manner as such items are allocated for book purposes of maintaining Capital Account under Section 5.017.1, Section 7.2, Section 7.3, Section 7.4 and Section 11.2.

Appears in 1 contract

Samples: Limited Partnership Agreement (PES Logistics Partners LP)

Income Tax Allocations. (a) Except as provided in this Section 5.025.6, each item of income, gain, loss and deduction of the Partnership for federal income tax purposes shall be allocated among the Partners in the same manner as such items are allocated for book purposes of maintaining Capital Account under Section 5.01Sections 5.1 and 5.2.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stonemor Partners Lp)

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