Common use of Tax Allocations; Code Section 704(c) Clause in Contracts

Tax Allocations; Code Section 704(c). (a) Except as otherwise provided in this Section 3.6, each item of income, gain, loss and deduction of the Company for federal income tax purposes shall be allocated among the Members in the same manner as such items are allocated for book purposes under this Article III.

Appears in 2 contracts

Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)

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Tax Allocations; Code Section 704(c). (a) Except as otherwise provided in this Section 3.65.7, each item of income, gain, loss and deduction of the Company for federal income tax purposes shall be allocated among the Members in the same manner as such items are allocated for book purposes under this Article III.V.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (Energy Transfer Equity, L.P.)

Tax Allocations; Code Section 704(c). (a) Except as otherwise provided in this Section 3.65.8, each item of income, gain, loss loss, and deduction of the Company for federal income tax purposes shall be allocated among the Members in the same manner as such items are allocated for book purposes under this Article III.V.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Energy Transfer Equity, L.P.), Limited Liability Company Agreement (Williams Companies Inc)

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Tax Allocations; Code Section 704(c). (a) Except as otherwise provided in this required by Code Section 3.6704(c) and the Regulations thereunder, each item of Company income, gain, loss and deduction of the Company for federal income tax purposes shall be allocated among for tax purposes, to the Members extent possible, in the same manner as such items are allocated for book purposes under provided in this Article IIIIII other than this Section 3.6.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Environtech Inc.)

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