Subject to Section A. 8.1, any elections or other decisions relating to such allocations shall be made by the Manager. Allocations pursuant to this Section A.8 are solely for purposes of federal, state, and local taxes and shall not affect, or in any way be taken into account in computing, any Member’s Capital Account or share of Profits, Losses, other items, or distributions pursuant to any provision of the Agreement.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Jagged Peak Energy Inc.)
Subject to Section A. 8.18, any elections or other decisions relating to such allocations shall be made by the Manager. Allocations pursuant to this Section A.8 A.7 are solely for purposes of federal, state, and local taxes and shall not affect, or in any way be taken into account in computing, any Member’s Capital Account or share of Profits, Losses, other items, or distributions pursuant to any provision of the Agreement.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Jagged Peak Energy Inc.)