Book Item definition

Book Item has the meaning assigned to such term in Section 4.7;

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Book Item has the meaning given such term in Section 6.5(a)(i).

Book Item has the meaning set forth in Section 4.7(a)(i).

Examples of Book Item in a sentence

• Except as provided in Section 6.5(b) below, each item of income, gain, loss, deduction or credit for U.S. federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 6.3 (a “Book Item”) shall be allocated among the Members in the same proportion as the corresponding Book Item.

• Subject to Section 5.8(b) hereof, each item of income, gain, loss, or deduction for Federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 5.4 hereof (a “Book Item”) shall be allocated among the Members in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 5.3 or Section 5.4 hereof.

• Subject to Section 5.8(b), each item of income, gain, loss, or deduction for Federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 5.4 (a “Book Item”) shall be allocated among the Members in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 5.3 or Section 5.4.

• Each item of income, gain, loss, deduction or credit for U.S. federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 1.3 of this Exhibit (a “Book Item”) shall be allocated among the Partners in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 1.2 of this Exhibit or Section 1.3 of this Exhibit.

• Each item of income, gain, loss or deduction for U.S. federal income tax purposes that corresponds to an item of income, gain, loss or expense that is either taken into account in computing Net Income or Net Loss or is specially allocated pursuant to Section 7.03 (a "Book Item") shall be allocated among the Members in the same proportion as the corresponding Book Item is allocated among them pursuant to Section 7.02 or 7.03.

More Definitions of Book Item

Book Item has the meaning set forth in Section 14.12.1.

Book Item shall have the meaning set forth in Section 7.6(a)(i).

Book Item is defined in Section 5.8(a)(i).

Book Item has the meaning set forth in Section 7.1(a)(i) hereof.

Book Item the meaning set forth in Section 5(a) of Schedule B.

Book Item has the meaning set forth in Section 6.05(a). “Business Day” means any day, excluding Saturday, Sunday and any other day on which commercial banks in New York, New York are authorized or required by law to close. [“Buyer’s Equity” has the meaning set forth in Section 5.10.] “Capital Account” has the meaning set forth in Section 3.08. “Capital Contributions” means, with respect to any Member, the aggregate amount of cash and the Gross Asset Value of any property (other than cash) contributed to the Company by such Member (or its predecessors in interest) with respect to the Units held by such Member. “Certificate” means the Certificate of Formation as filed with the Secretary of State of the State of Delaware pursuant to the Act as set forth in the Recitals, as it may be amended or restated from time to time. “Class C Common Holders” means each Member, Additional Member or Substitute Member, in each case, who holds Class C Common Units (for so long as such Person holds Class C Common Units). If a Class C Common Holder holds different classes of Units, then such Class C Common Holder shall be treated as a Class C Common Holder only with respect to its Class C Common Units. “Class C Common Rights Holder” means each Class C Common Holder and each Class C-1 Common Holder. “Class C Common Units” has the meaning set forth in Section 3.03(d). “Class C-1 Common Holders” means each Member, Additional Member or Substitute Member, in each case, who holds Class C-1 Common Units (for so long as such Person holds Class C-1 Common Units). If a Class C-1 Common Holder holds different classes of Units, then such Class C-1 Common Holder shall be treated as a Class C-1 Common Holder only with respect to its Class C-1 Common Units. “Class C-1 Common Units” has the meaning set forth in Section 3.03(d). “Class C Holders” means the Class C PI Holders, the Class C Common Holders and the Class C-1 Common Holders. “Class C PI Holders” means each Member, Additional Member or Substitute Member, in each case, who holds Class C Profits Interests (for so long as such Person holds Class C Profits Interests). If a Class C Holder holds different classes of Units, then such Class C Holder shall be treated as a Class C Holder only with respect to its Class C Profits Interests.

Book Item means, with respect to any Company asset, Book Depreciation, amortization, Book Gain or Loss, or other similar item computed in accordance with the method used by the Company for accounting purposes.