Common use of Members’ Tax Reporting Clause in Contracts

Members’ Tax Reporting. The Members acknowledge and are aware of the income tax consequences of the allocations made by Section 4.3 and, except as may otherwise be required by applicable law or regulatory requirements, hereby agree to be bound by the provisions of Section 4.3 in reporting their shares of Company income, gain, loss and deductions for federal, state and local income tax purposes.

Members’ Tax Reporting. The Members acknowledge and are aware of the income tax consequences of the allocations made by this Section 4.3 5.3 and, except as may otherwise be required by applicable law or regulatory requirements, hereby agree to be bound by the provisions of Section 4.3 5.3 in reporting their shares of Company income, gain, loss loss, deductions, and deductions credits for federal, state and local income tax purposes.