Common use of Computation of Amounts Clause in Contracts

Computation of Amounts. For purposes of computing the amount of Company net income and gain (and any item of Company income and gain) (“Profits”) and Company net loss (and any item of Company loss and deduction) (“Losses”) to be allocated pursuant to Article V and to be reflected in the Capital Accounts, the determination, recognition and classification of any such item shall be the same as its determination, recognition and classification for federal income tax purposes (including any method of depreciation, cost recovery or amortization used for this purpose), provided that:

Computation of Amounts. For purposes of computing the amount of Company net income and gain (and any item of Company income and income, gain) (“Profits”) and Company net loss (and any item of Company loss and deduction) (“Losses”) , loss, or deduction to be allocated pursuant to Article V IV and to be reflected in the Capital Accounts, the determination, recognition recognition, and classification of any such item shall be the same as its determination, recognition recognition, and classification for federal income tax purposes (including any method of depreciation, cost recovery recovery, or amortization used for this purpose), provided that:.

Computation of Amounts. For purposes of computing the amount of Profits or Losses of the Company net income and gain (and any item of Company income and gain) (“Profits”) and Company net loss (and any item of Company loss and deduction) (“Losses”) to be allocated pursuant to this Article V IV and to be reflected in the Capital Accounts, the determination, recognition and classification of any such item of income, gain, loss or deduction shall be the same as its determination, recognition and classification for federal income tax purposes (including any method of depreciation, cost recovery or amortization used for this purpose), provided that: