Syndication and Organization Expenses. Syndication and organization expenses (as defined in Section 709(a) of the Code) for any fiscal year shall be allocated to the Capital Accounts of the Members so that, as nearly as possible, the cumulative amount of such expenses allocated with respect to such Member corresponds to the amount paid by such Member.
Appears in 4 contracts
Samples: Operating Agreement (Iron Bridge Mortgage Fund LLC), Limited Liability Company Agreement, Operating Agreement (Iron Bridge Mortgage Fund LLC)
Syndication and Organization Expenses. Syndication and organization expenses (as defined in Section 709(a) of the Code) for any fiscal year shall be allocated to the Capital Accounts of the Members Partners so that, as nearly as possible, the cumulative amount of such expenses allocated with respect to such Member Partner corresponds to the amount paid by such MemberPartner.
Appears in 1 contract
Samples: Agreement
Syndication and Organization Expenses. Syndication and organization expenses (as defined in Section 709(a) of the Code) for any fiscal year Fiscal Year shall be allocated to the Capital Accounts of the Members so that, as nearly as possible, the cumulative amount of such expenses allocated with respect to such Member corresponds to the amount paid by such Member.
Appears in 1 contract
Samples: Limited Liability Company (Ignis Petroleum Group, Inc.)
