Compliance with Code. The requirements of this Article are intended and will be construed to ensure that the allocations of the Company's income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 8 contracts
Samples: Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (LK Secured Lending Reg a Fund, LLC)
Compliance with Code. The requirements of this Article are intended and will be construed to ensure that the allocations of the Company's LLC’s income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Compliance with Code. The requirements of this Article are intended and will be construed to ensure that the allocations of the CompanyPartnership's income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Caltier Fund I LP), Limited Partnership Agreement (Caltier Fund I LP)
Compliance with Code. The requirements of this Article 3.5 are intended and will be construed to ensure that the allocations of the Company's income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 1 contract
Samples: Operating Agreement
Compliance with Code. The requirements of this Article are intended and will be construed to ensure that the allocations of the Company's ’s income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC)
Compliance with Code. The requirements of this Article are intended and will be construed to ensure that the allocations of the CompanyLLC's income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 1 contract
