Common use of Tax Depreciation Clause in Contracts

Tax Depreciation. Tax Depreciation" for any Fiscal Year shall mean the amount of depreciation, cost recovery or other amortization deductions allowable to Palace for Federal income tax purposes for such year.

Appears in 2 contracts

Samples: Operating Agreement (Casino Resource Corp), Operating Agreement (Casino Resource Corp)

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Tax Depreciation. Tax Depreciation" for any Fiscal Year shall mean the amount of depreciation, cost recovery or other amortization deductions allowable to Palace the Company for Federal federal income tax purposes for such yearFiscal Year.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (American Skiing Co /Me), Limited Liability Company Agreement (American Skiing Co /Me)

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Tax Depreciation. Tax Depreciation" for any Fiscal Year fiscal year shall mean the amount of depreciation, cost recovery or other amortization deductions allowable to Palace the Partnership for Federal income tax purposes for such year.. (y)

Appears in 1 contract

Samples: www.sec.gov

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