Common use of Final Year Allocations Clause in Contracts

Final Year Allocations. To the extent the Company Operating Agreement does not provide for final year tax allocations, the parties hereto 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.

Appears in 2 contracts

Sources: Purchase Agreement (Maguire Properties Inc), Purchase Agreement (Maguire Properties Inc)