TAX ALLOCATIONS AND BOOK ALLOCATIONS. (a) Except as otherwise provided in this Section 6.7, for federal income tax purposes, each item of income, gain, loss and deduction shall, to the extent appropriate, be allocated among the Members in the same manner as its correlative item of “book” income, gain, loss or deduction has been allocated pursuant to the other provisions of this Article VI.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
TAX ALLOCATIONS AND BOOK ALLOCATIONS. (a) Except as otherwise provided in this Section 6.7section 5.8, for federal income tax purposes, each item of income, gain, loss and deduction shall, to the extent appropriate, be allocated among the Members in the same manner as its correlative item of “"book” " income, gain, loss or deduction has been allocated pursuant to the other provisions of this Article VI.V.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Annies Homegrown Inc)
