Common use of Income Tax Provisions Clause in Contracts

Income Tax Provisions. The Members are aware of the income tax consequences of this Article IV. , and agree to be bound by these provisions in reporting their shares of Profit, Loss, and other items for federal and state income tax purposes.

Appears in 3 contracts

Samples: Operating Agreement (Rock Fund VII-A, LLC), Operating Agreement (Rock Fund VII-A, LLC), Operating Agreement (TRP Fund VII LLC)

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Income Tax Provisions. The Members are aware of the income tax consequences of this Article IV. 4, and agree to be bound by these provisions in reporting their shares of ProfitNet Income, Net Loss, and other items for federal and state income tax purposes.

Appears in 1 contract

Samples: Operating Agreement (New England Cape Gods, Inc.)

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Income Tax Provisions. The Members are aware of the income tax consequences of this Article IV. , Paragraph 4.3 and agree to be bound by these provisions in reporting their shares of Profit, Loss, and other items for federal and state income tax purposes.

Appears in 1 contract

Samples: Operating Agreement (Natex Corp/Ut)

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