Common use of Income Tax Allocations Clause in Contracts

Income Tax Allocations. (a) Except as otherwise provided in Section 7.5(c), for purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue law, or any similar tax law of any state or other jurisdiction, the Company’s profits, gains and losses for Federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, shall be allocated among the Members in the same proportions as the corresponding “book” items are allocated pursuant to this Section.

Income Tax Allocations. (a) Except as otherwise provided in Section 7.5(c), for For purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue law, or any similar tax law of any state or other jurisdiction, the CompanyPartnership’s profits, gains and losses for Federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, shall be allocated among the Members Partners, to the extent possible, in the same proportions as the corresponding “book” items are allocated pursuant to this SectionSection 5.3.

Income Tax Allocations. (a) Except as otherwise provided in Section 7.5(c), for For purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue federal tax law, or any similar tax law of any state or other jurisdiction, the Company’s profits, gains and losses for Federal federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, shall be allocated among the Members in the same proportions as the corresponding “book” items are allocated pursuant to this Section.Section 1.1, except as otherwise provided in Section 1.1(e) below

Income Tax Allocations. (a) Except as otherwise provided in Section 7.5(c), for For purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue law, or any similar tax law of any state or other jurisdiction, the Company’s 's profits, gains and losses for Federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, shall be allocated among the Members Members, to the extent possible, in the same proportions as the corresponding “"book” " items are allocated pursuant to this SectionSection 5.3 and Section 5.4, except as otherwise provided in Section 5.10.

Income Tax Allocations. (a) Except as otherwise provided in this Section 7.5(c)5.6, for purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue law, or any similar tax law of any state or other jurisdiction, the Company’s profits, gains and losses for Federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, ; shall be allocated among the Members in the same proportions as the corresponding “book” items are allocated pursuant to this Section.

Income Tax Allocations. (a) Except as otherwise provided in Section 7.5(c), for For purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue law, or any similar tax law of any state or other jurisdiction, the Company’s profits, gains and losses for Federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, shall be allocated among the Members Partners, to the extent possible, in the same proportions as the corresponding “book” items are allocated pursuant to this SectionSection 5.3.

Income Tax Allocations. (a) Except as otherwise provided in Section 7.5(c), for For purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue federal tax law, or any similar tax law of any state or other jurisdiction, the Company’s profits, gains and losses for Federal federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, shall be allocated among the Members in the same proportions as the corresponding “book” items are allocated pursuant to this SectionSection 1.1, except as otherwise provided in Section 1.1(e) below.

Income Tax Allocations. (a) Except as otherwise provided in Section 7.5(c), for purposes of Sections 702 and 704 of the Code, or the corresponding sections of any future Federal internal revenue law, or any similar tax law of any state or other jurisdiction, the Company’s profits, gains and losses for Federal income tax purposes, and each item of income, gain, loss or deduction entering into the computation thereof, shall will be allocated among the Members in the same proportions as the corresponding “book” items are allocated pursuant to this Section.