Tax Consequences; Consistent Reporting. The Partners understand the income tax consequences of the allocations made by this Article and by the Regulatory Allocations Exhibit and hereby agree to report for income tax purposes their share of Partnership income and loss in accordance with those allocations as reflected on the information returns of the Partnership.
Appears in 3 contracts
Sources: Limited Partnership Agreement (FD Spinco II, Inc.), Limited Partnership Agreement (FD Spinco II, Inc.), Limited Partnership Agreement (FD Spinco II, Inc.)