Allocation of Net Income and Losses for Tax Purposes. (a) Except as otherwise provided herein, each item of income, gain, loss and deduction shall be allocated, for U.S. federal income tax purposes, among the Partners in the same manner as its correlative item of “book” income, gain, loss or deduction is allocated pursuant to Section 5.2(a).
Appears in 7 contracts
Samples: Agreement (Broadcom Cayman L.P.), Voting Agreement (Burger King Worldwide, Inc.), Agreement and Plan of Merger (Broadcom Corp)
Allocation of Net Income and Losses for Tax Purposes. (a) Except as otherwise provided herein, each item of income, gain, loss and deduction shall be allocated, for U.S. federal income tax purposes, among the Partners in the same manner as its correlative item of “book” income, gain, loss Net Income or deduction Net Loss is allocated pursuant to Section 5.2(a5.1(a).
Appears in 6 contracts
Samples: Limited Partnership Agreement (Telesat Partnership LP), Limited Partnership Agreement (Loral Space & Communications Inc.), Limited Partnership Agreement (Telesat Partnership LP)
