Special Allocations and Limitations. The Members intend that all allocations will be as described in Section 3.7. However, in order to comply with federal income tax regulations regarding the substantial economic effect of Company allocations, all allocations of the Company income, gain, loss, and deductions are subject to the special allocations and limitations described in Exhibit B in the special circumstances described in such provisions.
Appears in 3 contracts
Sources: Operating Agreement, Operating Agreement, Operating Agreement