Common use of Income Tax Allocations Clause in Contracts

Income Tax Allocations. Except as otherwise provided herein, for purposes of any applicable federal, state or local income tax law, rule or regulation items of income, gain, deduction, loss, credit and amount realized shall be allocated to the Partners as follows:

Appears in 5 contracts

Samples: Agreement of Limited Partnership (Georesources Inc), BreitBurn Energy Partners L.P., Investors Agreement (Santa Fe Energy Trust)

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Income Tax Allocations. Except as otherwise provided hereinbelow, for purposes of any applicable federal, state or local income tax law, rule or regulation items of income, gain, deduction, loss, credit and amount realized shall be allocated to the Partners in the same manner as follows:provided for in Section 4.1.

Appears in 1 contract

Samples: The Purchase and Sale Agreement (Primeenergy Corp)

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Income Tax Allocations. Except as otherwise provided herein, for purposes of any applicable federal, state or local income tax law, rule or regulation items of income, gain, deduction, loss, credit and amount realized shall be hereafter allocated to the Partners as follows:

Appears in 1 contract

Samples: Texoil Inc /Nv/

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