Final Year Allocation. To the extent that the Operating Agreement does not provide for final year tax allocations, the Contributors agree to use the “interim closing of the books” method as provided in Section 706 of the Code to allocate income and loss for the year in which the Closing occurs.
Appears in 4 contracts
Samples: Contribution Agreement (STAG Industrial, Inc.), Contribution Agreement (STAG Industrial, Inc.), Contribution Agreement (STAG Industrial, Inc.)
Final Year Allocation. To the extent that the Operating a Participating Entity Agreement does not provide for final year tax allocations, the Contributors agree each Contributor agrees to use the “interim closing of the books” method as provided in Section 706 of the Code to allocate income and loss for the year in which the Closing occurs.
Appears in 3 contracts
Samples: Contribution Agreement (Meruelo Maddux Properties, Inc.), Contribution Agreement (Meruelo Maddux Properties, Inc.), Contribution Agreement (Meruelo Richard)
