Taxation of Securityholders. As provided in Section 4.4(b), profits shall be allocated to the Preferred Securityholders on a when-paid basis. The Securityholders intend that allocations of income and loss for U.S. federal income tax purposes be consistent with the economic allocations of income under this Agreement.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Ubs Preferred Funding Trust Iii), Administration Agreement (UBS Preferred Funding Trust VIII), Administration Agreement (Ubs Preferred Funding Trust Iv)
Taxation of Securityholders. As provided in Section 4.4(b4.4(a), net profits shall be allocated to the Company Preferred Securityholders on a when-paid daily accrual basis. The Securityholders intend that allocations of income and loss for U.S. federal income tax purposes be consistent with the economic allocations of income under this Agreement.
Appears in 2 contracts
Samples: Administration Agreement (Teco Energy Inc), Administration Agreement (Teco Capital Trust Iii)
Taxation of Securityholders. As provided in Section 4.4(b), profits shall be allocated to the Company Preferred Securityholders on a when-paid daily accrual basis. The Securityholders intend that allocations of income and loss for U.S. federal income tax purposes be consistent with the economic allocations of income under this Agreement.
Appears in 2 contracts
Samples: Administration Agreement (Teco Energy Inc), Administration Agreement (Teco Capital Trust Iii)
Taxation of Securityholders. As provided in Section 4.4(b), profits shall be allocated to the Preferred Securityholders on a when-paid daily accrual basis. The Securityholders intend that allocations of income and loss for U.S. federal income tax purposes be consistent with the economic allocations of income under this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ubs Preferred Funding Co LLC I)
Taxation of Securityholders. As provided in Section 4.4(b4.4(a), net profits shall be allocated to the LLC Preferred Securityholders on a when-paid daily accrual basis. The Securityholders intend that allocations of income and loss for U.S. federal income tax purposes be consistent with the economic allocations of income under this Agreement.
Appears in 1 contract
