Substantial Economic Effect. The various provisions of this article are intended and will be construed to ensure that the allocations of the Partnership’s income, gain, losses, deductions, and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Green America Recycling, LLC), Limited Partnership Agreement (Austin Materials, LLC)
Substantial Economic Effect. The various provisions of this article are intended and will be construed to ensure that the allocations of the PartnershipCompany’s income, gain, losses, deductions, and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 1 contract
Samples: Operating Agreement
Substantial Economic Effect. The various provisions of this article are intended and will be construed to ensure that the allocations of the Partnership’s Company"s income, gain, losses, deductions, and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 1 contract
Samples: Operating Agreement
Substantial Economic Effect. The various provisions of this article are intended and will be construed to ensure that the allocations of the Partnership’s Company's income, gain, losses, deductions, and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 1 contract
Samples: Operating Agreement