Common use of General Rules Clause in Contracts

General Rules. Except as otherwise provided in Section 6.3(b), for each Fiscal Year, items of Company income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes among the Members in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.2.

Appears in 16 contracts

Sources: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Private Owner Interest Sale and Assignment Agreement

General Rules. Except as otherwise provided in Section 6.3(b), for each Fiscal Year, items of Company income, gain, loss, deduction and expense shall will be allocated, for federal, state and local income tax purposes among the Members in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.2.

Appears in 7 contracts

Sources: Private Owner Interest Sale and Assignment Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

General Rules. Except as otherwise provided in Section 6.3(b5.3(b), for each Fiscal Yearfiscal period, items of Company Partnership income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members Partners in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.25.2.

Appears in 6 contracts

Sources: Limited Partnership Agreement, Limited Partnership Agreement (Equisource Hotel Fund I, LLP), Limited Partnership Agreement (CapSource Fund I, LP)

General Rules. Except as otherwise provided in Section 6.3(b5.3(b), for each Fiscal Yearfiscal period, items of Company Membership income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.25.2.

Appears in 4 contracts

Sources: Operating Agreement (Iron Bridge Mortgage Fund LLC), Operating Agreement, Operating Agreement (Iron Bridge Mortgage Fund LLC)

General Rules. Except as otherwise provided in Section 6.3(b9.6(b), for each Fiscal Yearfiscal period, items of Company the Company's income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members in the same manner as the Net Income Profits (and items thereof) or Net Loss Losses (and items thereof) of which such items are components were allocated pursuant to Section 6.2this Article IX.

Appears in 3 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Valuevision International Inc), Limited Liability Company Agreement (Polo Ralph Lauren Corp)

General Rules. Except as otherwise provided in Section 6.3(b5.3(c) and 5.3(d), for each Fiscal Yearfiscal year, items of Company Partnership income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members Partners in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.25.1.

Appears in 2 contracts

Sources: Limited Partnership Agreement (Alta Mesa Holdings, LP), Limited Partnership Agreement (Alta Mesa Holdings, LP)

General Rules. Except as otherwise provided in Section 6.3(b7.5(b), for each Fiscal Yearfiscal period, items of Company income, gain, loss, deduction deduction, and expense shall be allocated, for federal, state state, and local income tax purposes purposes, among the Members in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.27.4.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Ignis Petroleum Group, Inc.)

General Rules. Except as otherwise provided in Section 6.3(b)7.2.2, for each Fiscal Year, items of Company income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members in the same manner as the Net Income Profit (and items thereof) or Net Loss (and items thereof) ), of which such items are components components, were allocated pursuant to Section 6.27.1.

Appears in 1 contract

Sources: Operating Agreement (Torvec Inc)

General Rules. Except as otherwise provided in Section 6.3(b)3.3.2, for each Fiscal Year, items of Company income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.23.2.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Lexaria Bioscience Corp.)

General Rules. Except as otherwise provided in Section 6.3(b), for each Fiscal Year, items of Company income, gain, loss, deduction and expense shall will be allocated, for federal, state and local income tax purposes among the Members in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) of which such items are components were allocated pursuant to Section 6.2.6.2.β€Œ

Appears in 1 contract

Sources: Private Owner Interest Sale and Assignment Agreement

General Rules. Except as otherwise provided in Section 6.3(b), for each Fiscal Yearfiscal year, items of Operating Company income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members in the same manner as the Net Income (and items thereof) or Net Loss (and items thereof) ), of which such items are components components, were allocated pursuant to Section 6.2.

Appears in 1 contract

Sources: Operating Agreement (Broadstone Net Lease, Inc.)

General Rules. Except as otherwise provided in Section 6.3(b5.3(b), for each Fiscal Yearfiscal period, items of Company income, gain, loss, deduction and expense shall be allocated, for federal, state and local income tax purposes purposes, among the Members in the same manner as the Net Income (and items thereofof income and gain not included therein) or Net Loss (and items thereofof deduction and loss not included therein) of which such items are components were allocated pursuant to Section 6.25.2.

Appears in 1 contract

Sources: Limited Liability Company Agreement (HPS Corporate Lending Fund)