Common use of No Assurance of Tax Benefits Clause in Contracts

No Assurance of Tax Benefits. Such Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 7 contracts

Samples: Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Claxson Interactive Group Inc), Operating Agreement (Claxson Interactive Group Inc)

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No Assurance of Tax Benefits. Such Each Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 7 contracts

Samples: Operating Agreement (Bloomin' Brands, Inc.), Operating Agreement (Osi Restaurant Partners, LLC), Operating Agreement (Osi Restaurant Partners, LLC)

No Assurance of Tax Benefits. Such Member He or she acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 3 contracts

Samples: Operating Agreement (MacKenzie Realty Capital, Inc.), Operating Agreement (MacKenzie Realty Capital, Inc.), Operating Agreement (MacKenzie Realty Capital, Inc.)

No Assurance of Tax Benefits. Such Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.), Operating Agreement (ARAMARK FHC Kansas, Inc.)

No Assurance of Tax Benefits. Such Member He or she acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 3 contracts

Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)

No Assurance of Tax Benefits. Such Member It acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Akorn Inc), Operating Agreement (United Leisure Corp)

No Assurance of Tax Benefits. Such Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor or that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit credits among the Members may not be challenged by the Internal Revenue ServiceIRS.

Appears in 1 contract

Samples: Operating Agreement (Owens Mortgage Investment Fund a Calif LTD Partnership)

No Assurance of Tax Benefits. Such Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor or that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, deduction or credit credits among the Members may not be challenged by the Internal Revenue Service.

Appears in 1 contract

Samples: Limited Liability Company Agreement

No Assurance of Tax Benefits. Such Member He or she acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.. 15.20

Appears in 1 contract

Samples: Operating Agreement

No Assurance of Tax Benefits. Such Member He or she acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 1 contract

Samples: Index Operating Agreement

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No Assurance of Tax Benefits. Such Member He, she or it acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, receive nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, deduction or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TNP Strategic Retail Trust, Inc.)

No Assurance of Tax Benefits. Such Each Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue ServiceService or California Franchise Tax Board.

Appears in 1 contract

Samples: Security Agreement

No Assurance of Tax Benefits. Such The Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 1 contract

Samples: Operating Agreement (Neurocrine Biosciences Inc)

No Assurance of Tax Benefits. Such Member He or she acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, or credit among the Members may not be challenged by the Internal Revenue Service.

Appears in 1 contract

Samples: Operating Agreement (Aptitude Solutions, Inc.)

No Assurance of Tax Benefits. Such Member acknowledges that there can be no assurance that the Code or the Treasury Regulations will not be amended or interpreted in the future in such a manner so as to deprive the Company and the Members of some or all of the tax benefits they might now receive, nor or that some of the deductions claimed by the Company or the allocations of items of income, gain, loss, deduction, deduction or credit credits among the Members may not be challenged by the Internal Revenue Service.. 12.17

Appears in 1 contract

Samples: Operating Agreement (4 Kids Entertainment Inc)

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