Manager Authority. Any elections or other decisions relating to allocations for federal, state and local income tax purposes shall be made by the Manager in any manner that reasonably reflects the purpose and intent of this Agreement. Allocations pursuant to this Section 4.4 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Holder's Capital Account or share of profits, losses, other items or distributions pursuant to any provisions of this Agreement.
Appears in 6 contracts
Samples: Operating Agreement (Boise Building Solutions Manufacturing Holdings Corp.), Operating Agreement (Boise Building Solutions Manufacturing Holdings Corp.), Operating Agreement (Boise Building Solutions Manufacturing Holdings Corp.)
Manager Authority. Any elections or other decisions relating to allocations for federal, state and local income tax purposes shall be made by the Manager in any manner that reasonably reflects the purpose and intent of this Agreement. Allocations pursuant to this Section 4.4 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Holder's ’s Capital Account or share of profits, losses, other items or distributions pursuant to any provisions of this Agreement.
Appears in 5 contracts
Samples: Operating Agreement (Stack Rock Capital, L.L.C.), Limited Liability Company Agreement (Boise White Paper Sales Corp.), Operating Agreement (Boise White Paper Sales Corp.)
Manager Authority. Any elections or other decisions relating to allocations for federal, state and local income tax purposes shall be made by the Manager in any manner that reasonably reflects the purpose and intent of this Agreement. Allocations pursuant to this Section 4.4 6.3 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any HolderMember's Capital Account or share of profits, losses, other items or distributions pursuant to any provisions of this Agreement.
Appears in 1 contract
Manager Authority. Any elections or other decisions relating to allocations for federal, state and local income tax purposes shall be made by the Manager Managers in any manner that reasonably reflects the purpose and intent of this Agreement. Allocations pursuant to this Section 4.4 are solely for purposes of federal, state and local taxes and shall not affect, or in any way be taken into account in computing, any Holder's ’s Capital Account or share of profits, losses, other items or distributions pursuant to any provisions of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (US Power Generating CO)
