Common use of Obligations of Members to Report Allocations Clause in Contracts

Obligations of Members to Report Allocations. The Members acknowledge and agree to the allocations made by this ARTICLE VIII and agree to be bound by the provisions of this ARTICLE VIII in reporting their shares of Company income and loss for income tax purposes.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (RiceBran Technologies), Membership Interest Purchase Agreement (Nutracea), Limited Liability Company Agreement (Nutracea)

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Obligations of Members to Report Allocations. The Members acknowledge and agree to the allocations made by this ARTICLE Article VIII and agree to be bound by the provisions of this ARTICLE Article VIII in reporting their shares of Company income and loss for income tax purposes.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (RiceBran Technologies), Limited Liability Company Agreement (RiceBran Technologies)

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Obligations of Members to Report Allocations. The Members acknowledge and agree to are aware of the income tax consequences of the allocations made by this ARTICLE VIII Article VII and hereby agree to be bound by the provisions of this ARTICLE VIII Article VII in reporting their shares of Company income and loss for income tax purposes.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Energy Conversion Devices Inc)

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