Depreciation Recapture. Solely for tax purposes, a Member's share of the Company's depreciation recapture recognized for tax purposes upon the disposition of Company property shall be computed in the manner provided for in sections 1.704-3(a)(11), 1.1245-1(e) and 1.1250-1
Appears in 4 contracts
Sources: Limited Liability Company Agreement (Phillips Petroleum Co), Limited Liability Company Agreement (Diversa Corp), Limited Liability Company Agreement (Chevron Phillips Chemical Co LLC)