Common use of Obligations of Members to Report Allocations Clause in Contracts

Obligations of Members to Report Allocations. The Members acknowledge and agree to the allocations made by this ARTICLE VIII and agree to be bound by the provisions of this ARTICLE VIII in reporting their shares of Company income and loss for income tax purposes.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (RiceBran Technologies), Membership Interest Purchase Agreement (Nutracea), Limited Liability Company Agreement (Nutracea)

Obligations of Members to Report Allocations. The Members acknowledge and agree to the allocations made by this ARTICLE Article VIII and agree to be bound by the provisions of this ARTICLE Article VIII in reporting their shares of Company income and loss for income tax purposes.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (RiceBran Technologies), Limited Liability Company Agreement (RiceBran Technologies)