Tax Allocations Addendum definition
Examples of Tax Allocations Addendum in a sentence
A separate Capital Account shall be established and maintained for each Member in all events in accordance with the Tax Allocations Addendum attached hereto as Addendum II and by this reference incorporated herein.
The Net Income or Net Loss, other items of income, gains, losses, deductions and credits, and the taxable income, gains, losses, deductions and credits of the LLC, if any, for each Fiscal Year (or portion thereof) shall be allocated to the Members as provided in the Tax Allocations Addendum.
The General Partner shall have the authority to amend the Tax Allocations Addendum from time to time as it deems necessary, in its sole and absolute discretion.
The Partnership shall keep a separate Capital Account for each Partner which shall be determined and maintained in the manner provided for in the Tax Allocations Addendum attached hereto as Exhibit A.
The Net Income or Net Loss, other items of income, gains, losses, deductions and credits, and the taxable income, gains, losses, deductions, and credits of the LLC, if any, for each Fiscal Year (or portion thereof) shall be allocated to the Members as provided in the Tax Allocations Addendum.
The Members acknowledge that the provisions of this Tax Allocations Addendum may require amendment in the event of an issuance of an LLC Interest to a new Member.
In addition, the following terms shall have the meanings indicated: Addendum: This Tax Allocations Addendum, as it may be amended from time to time.
A separate Capital Account shall be established and maintained for each Member in accordance with the Tax Allocations Addendum attached hereto as ADDENDUM II and incorporated herein by reference.
This Tax Allocations Addendum, as it may be amended from time to time.
The Partnership shall keep a separate Capital Account for each Partner which shall be determined and maintained in the manner provided for in the Tax Allocations Addendum attached hereto as Exhibit B.