Common use of Tax Credit Allocations Clause in Contracts

Tax Credit Allocations. All income tax credits with respect to the Company’s property or operations shall be allocated among the Members in accordance with their respective Membership Interests for the Fiscal Year during which the expenditure, production, sale or other event giving rise to such credits occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section 1.704-1(b)(4)(ii) and shall be interpreted consistently therewith.

Appears in 30 contracts

Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement (Highwater Ethanol LLC), Operating Agreement

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Tax Credit Allocations. All credits against income tax credits with respect to the Company’s property or operations shall be allocated among the Members in accordance with their respective Membership Interests membership interests in the Company for the Fiscal Year during which the expenditure, production, sale sale, or other event giving rise to such credits the credit occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section section 1.704-1(b)(4)(ii) of the Regulations and shall be interpreted consistently therewith.

Appears in 15 contracts

Samples: Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Central Iowa Energy, LLC), Operating Agreement (Advanced BioEnergy, LLC)

Tax Credit Allocations. All credits against income tax credits with respect to the Company’s property or operations shall be allocated among the Members in accordance with their respective Membership Interests membership interests in the Company for the Fiscal Year during which the expenditure, production, sale sale, or other event giving rise to such credits the credit occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section 1.704-1(b)(4)(ii) of the Regulations and shall be interpreted consistently therewith.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement (Siouxland Renewable Holdings, LLC), Operating Agreement

Tax Credit Allocations. All income tax credits with respect to the Company’s 's property or operations shall be allocated among the Members in accordance with their respective Membership Interests for the Fiscal Year during which the expenditure, production, sale or other event giving rise to such credits occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section 1.704-1(b)(4)(ii) and shall be interpreted consistently therewith.

Appears in 5 contracts

Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC)

Tax Credit Allocations. All income tax credits with respect to the Company’s property or operations shall be allocated among the Members Unit Holders in accordance with their respective Membership Percentage Interests for the Fiscal Year during which the expenditure, production, sale or other event giving rise to such credits occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section 1.704-1(b)(4)(ii) and shall be interpreted consistently therewith.

Appears in 3 contracts

Samples: Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC)

Tax Credit Allocations. All income tax credits with respect to the Company’s property or operations shall be allocated among the Members in accordance with their respective Membership Interests for the Fiscal Year during which the expenditure, production, sale or other event giving rise to such credits occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section 1.704-1(b)(4)(iil(b)(4)(ii) and shall be interpreted consistently therewith.

Appears in 3 contracts

Samples: Member Control Agreement (Agassiz Energy, LLC), Operating Agreement (East Fork Biodiesel, LLC), Operating Agreement (East Fork Biodiesel, LLC)

Tax Credit Allocations. All credits against income tax credits with respect to the Company’s property or operations operations, shall be allocated among the Members in accordance with their respective Membership Interests membership interests in the Company for the Fiscal Year during which the expenditure, production, sale sale, or other event giving rise to such credits the credit occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section section 1.704-1(b)(4)(ii) of the Regulations and shall be interpreted consistently therewith.

Appears in 3 contracts

Samples: Operating Agreement (Northwest Iowa Renewable Energy LLC), Operating Agreement (Soy Energy, LLC), Operating Agreement (Soy Energy, LLC)

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Tax Credit Allocations. All credits against income tax credits with respect to the Company’s 's property or operations shall be allocated among the Members in accordance with their respective Membership Interests membership interests in the Company for the Fiscal Year during which the expenditure, production, sale sale, or other event giving rise to such credits the credit occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section section 1.704-1(b)(4)(ii) of the Regulations and shall be interpreted consistently therewith.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Siouxland Ethanol, LLC), Operating Agreement (Advanced BioEnergy, LLC)

Tax Credit Allocations. All credits against income tax credits with respect to the Company’s 's property or operations shall be allocated among the Members in accordance with their respective Membership Interests membership interests in the Company for the Fiscal Year during which the expenditure, production, sale sale, or other event giving rise to such credits the credit occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section section 1.704-1(b)(4)(ii) of the Regulations and shall be interpreted consistently therewith. SECTION 4.

Appears in 2 contracts

Samples: Operating Agreement (Cardinal Ethanol LLC), Operating Agreement (Cardinal Ethanol LLC)

Tax Credit Allocations. All credits against income tax credits with respect to the Company’s 's property or operations shall be allocated among the Members in accordance with their respective Membership Interests membership interests in the Company for the Fiscal Year during which the expenditure, production, sale sale, or other event giving rise to such credits the credit occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section 1.704-1.704- 1(b)(4)(ii) of the Regulations and shall be interpreted consistently therewith.

Appears in 1 contract

Samples: Operating Agreement

Tax Credit Allocations. All income tax credits with respect to the Company’s property or operations shall be allocated among the Members in accordance with their respective Membership Interests for the Fiscal Year during which the expenditure, production, sale or other event giving rise to such credits occurs. This Section 3.8 is intended to comply with the applicable tax credit allocation principles of Regulations Section 1.704-1(b)(4)(ii1.704‑1(b)(4)(ii) and shall be interpreted consistently therewith.

Appears in 1 contract

Samples: Operating Agreement (Southwest Iowa Renewable Energy, LLC)

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