Examples of Tax Appendix in a sentence
The provisions in Sections 7.1 to 7.11 shall apply mutatis mutandis to each Local Operating Entity to the extent permitted by applicable Law and not inconsistent with the terms of the Tax Appendix.
If the Book Value of any Company asset is adjusted pursuant to Section 1(a) and Section 4(a) of this Tax Appendix, subsequent allocations of income, gain, loss, and deduction with respect to such asset shall take account of any variation between the adjusted basis of such asset for federal income tax purposes and its Book Value in the same manner as under Code Section 704(c) and the Regulations thereunder.
The provisions in Sections 8.1 through 8.8 shall apply mutatis mutandis to each Local Operating Entity to the extent permitted by applicable Law and not inconsistent with the terms of the Tax Appendix.
The base cost of your B shares is the amount which you are treated as having paid for the B shares, an example of which is set out in paragraph 3.2 of the Tax Appendix.
In accordance with Code Section 704(c) and the Regulations thereunder, income, gain, loss, and deduction with respect to any property contributed to the capital of the Company shall, solely for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such property to the Company for federal income tax purposes and its initial Book Value (computed in accordance with Section 1(a) of this Tax Appendix).
Certain definitions contained in this Tax Appendix refer to sections of the Code or Regulations involving partnerships, and some of the definitions contained herein substitute the words “Member” for “Partner”, “Company” for “Partnership”, and “Membership Interest” for “Partnership Interest”.
Profits and Losses shall be allocated among the Members in accordance with the provisions of the Tax Appendix attached hereto and incorporated herein.
The allocations set forth in Section 2.2 of this Tax Appendix (the “Regulatory Allocations”) are intended to comply with certain requirements of the Regulations.
As used in this Agreement and the Tax Appendix attached hereto as Schedule B and made a part hereof (the “Tax Appendix”), the following terms shall have the meanings indicated.
Liability 20 ARTICLE XIII 21 ARTICLE XIV 21 EXHIBITS: Exhibit A - Tax Appendix LIMITED PARTNERSHIP AGREEMENT OF ABS TX LEASE OWNER LP This LIMITED PARTNERSHIP AGREEMENT OF ABS TX LEASE OWNER LP (this “Agreement”) is made and entered into effective as of the day of , 2006, by and among ABS TX LEASE OWNER GP LLC, a Delaware limited liability company, as general partner (the “General Partner”), and ABS TX OWNER LP, a Texas limited partnership, as limited partner (the “Limited Partner”).