Common use of No Effect on Capital Accounts Clause in Contracts

No Effect on Capital Accounts. Allocations pursuant to this Section 4.04 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 Member’s Capital Account or share of Profits, Losses, or other items or distributions pursuant to any provision of this Agreement.

No Effect on Capital Accounts. Allocations pursuant to this Section 4.04 4.2 are solely for purposes of U.S. federal, state, state and local taxes and shall not affect, or in any way be taken into account in computing, any MemberPartner’s Capital Account or share of Profits, Losses, distributions or other Partnership items or distributions pursuant to any provision of this Agreement.

No Effect on Capital Accounts. Allocations pursuant to ----------------------------- this Section 4.04 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 Member’s 's Capital Account or share of Profits, Losses, or other items or distributions pursuant to any provision of this Agreement.

No Effect on Capital Accounts. Allocations pursuant to this Section 4.04 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 Member’s 's Capital Account or share of Profits, Losses, or other items or distributions pursuant to any provision of this Agreement.

No Effect on Capital Accounts. Allocations pursuant to this Section 4.04 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 Member’s Partner's Capital Account or share of Profits, Losses, or other items or distributions pursuant to any provision of this Agreement.