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.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Mascoma Corp), Limited Liability Company Agreement (Mascoma Corp), Limited Liability Company Agreement (Darling International Inc)
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.
Appears in 2 contracts
Samples: Exempted Limited Partnership Agreement (GCM Grosvenor Inc.), Exempted Limited Partnership Agreement (GCM Grosvenor Inc.)
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.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling Ingredients Inc.)
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.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Bumble Bee Capital Corp.), Limited Partnership Agreement (Bumble Bee Capital Corp.)
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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NextWave Wireless LLC)