Tax Items Allocable to Particular Members. If the Company is required to recognize items of income, gain, deduction or loss for tax purposes that is attributable to a particular Member, such items shall be allocated to such Member.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Vantiv, Inc.), Limited Liability Company Agreement (Vantiv, Inc.), Limited Liability Company Agreement (Darling International Inc)
Tax Items Allocable to Particular Members. If the Company is required to recognize items of income, gain, deduction or loss for tax U.S. federal and, where applicable, state and/or local income Tax purposes that is attributable to a particular Member, such items shall be allocated to such Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Darling Ingredients Inc.), Limited Liability Company Agreement (Darling Ingredients Inc.)
Tax Items Allocable to Particular Members. If the Company is required to recognize items of income, gain, deduction or loss for tax purposes that is attributable to a particular Member, such items shall be allocated to such Member. The tax allocations made pursuant to this Section 4.7 shall be solely for tax purposes and shall not affect any Member’s Capital Account or share of non-tax allocations or distributions under this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Mascoma Corp), Limited Liability Company Agreement (Mascoma Corp)
Tax Items Allocable to Particular Members. If the Company is required to recognize items of income, gain, deduction deduction, or loss for tax purposes that is attributable to a particular Member, such items shall be allocated to such Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GMX Resources Inc)
