Common use of Redeterminations Clause in Contracts

Redeterminations. If for any taxable period of the Company, the Company is deemed to have a net increase (or decrease) in income for tax purposes as a result of a redetermination by a tax authority resulting from transactions between the Company and any Member or any affiliate of any Member the item or items of income or gain (or loss or deduction) that resulted in such increase (or decrease) in income shall be allocated to the Member that was (or the affiliate of which was) a party to the transaction; provided, however that any such redetermination shall not result in any change in the respective Sharing Ratios of the Members.

Redeterminations. If for any taxable period of the Company, ---------------- the Company is deemed to have a net increase (or decrease) in taxable income for tax purposes as a result of a redetermination by a tax authority resulting from transactions between the Company and any Member or any affiliate Affiliate of any Member Member, the item or items of income Profits or gain (or loss or deduction) Losses that resulted in such increase (or decrease) in taxable income shall be allocated to the Member that was (or the affiliate Affiliate of which was) a party to the transaction; provided, however that any such redetermination shall not result in any change in transaction and the respective Sharing Ratios Capital Accounts of the MembersMembers shall reflect such allocations.

Redeterminations. If for any taxable period of the Company, the Company is deemed to have a net increase (or decrease) in taxable income for tax purposes as a result of a redetermination by a tax authority resulting from transactions between the Company and any Member or any affiliate Affiliate of any Member Member, the item or items of income Profits or gain (or loss or deduction) Losses that resulted in such increase (or decrease) in taxable income shall be allocated to the Member that was (or the affiliate Affiliate of which was) a party to the transaction; provided, however that any such redetermination shall not result in any change in transaction and the respective Sharing Ratios Capital Accounts of the MembersMembers shall reflect such allocations.