Depreciation and Amortization. Depreciation and amortization deductions with respect to a depreciable Asset shall be allocated among the Members in accordance with their respective contributions to the adjusted basis of the Asset that gives rise to the depreciation, amortization or loss deduction.
Appears in 5 contracts
Sources: Limited Liability Company Agreement (Snow Lake Resources Ltd.), Limited Liability Company Agreement (Contango ORE, Inc.), Operating Agreement (Gold Torrent Canada Inc)