Income. Except as otherwise provided by federal or state law, all items of income, gain, loss, deduction and credit of the Company (including, without limitation, items not subject to federal or state income tax) shall be treated for federal and state income tax purposes as items of income, gain, loss, deduction and credit of the Member.
Appears in 6 contracts
Samples: Limited Liability (Interstate Equipment Leasing, LLC), Limited Liability (Interstate Equipment Leasing, LLC), Limited Liability Company Agreement (Interstate Equipment Leasing, LLC)
Income. Except as otherwise provided by federal or state law, all All items of income, gain, loss, deduction and credit of the Company (including, without limitation, items not subject to federal or state income tax) shall be treated for federal and state income tax purposes as items of income, gain, loss, deduction and credit of the Member.
Appears in 3 contracts
Samples: Limited Liability (Interstate Equipment Leasing, LLC), Limited Liability Company (Interstate Equipment Leasing, LLC), Limited Liability (Handspring Inc)
Income. Except as otherwise provided by federal or state law, all All items of income, gain, loss, deduction and credit of the Company (including, without limitation, items not subject to federal or state income tax) shall be treated for federal and state income tax purposes as items of income, gain, loss, deduction and credit of the MemberMember or as otherwise applicable under federal or state law.
Appears in 1 contract
Samples: Limited Liability (Interstate Equipment Leasing, LLC)
