Tax Items. Tax Items" shall mean, with respect to any property, all items of income, gain, loss, deduction, and credit (including Tax Depreciation) recognized by or allowable to the Company with respect to such property, as computed for federal income tax purposes.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (American Skiing Co /Me), Limited Liability Company Agreement (American Skiing Co /Me)
Tax Items. Tax Items" shall mean, with respect to any property, all items of income, gain, loss, deduction, profit and credit loss (including Tax Depreciation) recognized by or allowable to the Company Palace with respect to such property, as computed for federal income tax purposes.
Appears in 2 contracts
Samples: Operating Agreement (Casino Resource Corp), Operating Agreement (Casino Resource Corp)
