Common use of Substantial Economic Effect Clause in Contracts

Substantial Economic Effect. The various provisions of this article are intended and will be construed to ensure that the allocations of the 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 2 contracts

Sources: Operating Agreement, Operating Agreement

Substantial Economic Effect. The various provisions of this article are intended and will be construed to ensure that the allocations of the CompanyPartnership’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

Sources: 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 Company’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

Sources: Operating Agreement

Substantial Economic Effect. The various provisions of this article are intended and will be construed to ensure that the allocations of the Company’s '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

Sources: Operating Agreement