Common use of Section 704(b) Allocations Clause in Contracts

Section 704(b) Allocations. (i) Each item of income, gain, loss, deduction or credit for Federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 4.4 (a “Book Item”) shall be allocated among the Members in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 4.3 or Section 4.4.

Section 704(b) Allocations. (i) Each Subject to Section 5.04(a), each item of income, gain, loss, or deduction or credit for Federal federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 4.4 (a “Book Item”) shall be allocated among the Members Partners in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 4.3 5.02 or Section 4.45.03 hereof.

Section 704(b) Allocations. (i) Each item of income, gain, loss, deduction or credit for Federal U.S. federal income tax Tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 4.4 (a “Book Item”) shall be allocated among the Members in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 4.3 or Section 4.4.

Section 704(b) Allocations. (i) Each item of income, gain, loss, deduction or credit for Federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income Profit or Net Loss or is specially allocated pursuant to Section 4.4 7.3 hereof (a “Book Item”) shall be allocated among the Members Partners in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 4.3 7.2 or Section 4.47.3 hereof.

Section 704(b) Allocations. (i) Each item of income, gain, loss, loss or deduction or credit for Federal U.S. federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 4.4 7.03 (a “Book Item”) shall be allocated among the Members in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 4.3 7.02 or Section 4.47.03.