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

Obligations of Members to Report Allocations. The Members are aware of the income tax consequences of the allocations made by this Article IV and hereby agree to be bound by the provisions of this Article IV in reporting their shares of Company income, loss and other items for income tax purposes.

Obligations of Members to Report Allocations. The Members are aware of the income tax consequences of the allocations made by this Article IV ARTICLE IV, and hereby agree to be bound by the provisions of this Article ARTICLE IV in reporting their shares of Company income, income and loss and other items for income tax purposes.