Tax Purposes Sample Clauses
Tax Purposes. Allocations under this Section 6.4 are solely for purposes of federal, state and local income taxes and will not affect, or in any way be taken into account in computing, any Partner’s Capital Account or share of Profits, Losses or other items or distributions under any provision of this Agreement.
Tax Purposes. In the event the Gross Asset Value of any Company asset is adjusted pursuant to subparagraph 1.
Tax Purposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.
Tax Purposes. Bio Marin represents, warrants and covenants:
Tax Purposes. The parties hereto shall cooperate fully with respect to the reporting and defense of the position set forth in this Section 7.21.
Tax Purposes. This Section states some of Trustor=s purposes in creating this trust, and all provisions of this trust shall be construed so as best to effect these purposes. Trustor disclaims and shall never have any right or power inconsistent with obtaining these results as they may be in effect from time to time.
Tax Purposes. The Parties agree (1) to be bound by the allocation of assets on Exhibit 2.1 for all federal, state, and local income tax purposes and (2) to file Internal Revenue Service Form 8594 (and other forms required by law) in accordance with the allocation of assets on Exhibit 2.1.
Tax Purposes. Buyer agrees that the allocation of the Purchase Price, in excess of the book value of the Closing Assets, shall be allocated to Class VI assets and Class VII assets as defined in IRC Reg 1.338-6(b).
Tax Purposes. If any Partnership assets are reflected in the capital accounts of the Partners and on the books of the Partnership at a book value that differs from the tax basis of such assets, then items attributable to such property for U.S. federal income tax purposes shall be shared among the Partners in a manner that take account of the variation between such tax basis and book value in the same way as variations between the tax basis and fair market value of property contributed to the Partnership would be taken into account under Code Section 704(c).
Tax Purposes. If the Grantor's wife does not survive him, such taxes shall be paid from the residue of the trust estate, prior to division and distribution as provided under Section 9. If the Grantor's wife survives him, such taxes shall be paid from Trust A, except that (a) If the Grantor's Executor or Administrator fails to make the election so that any portion of Trust B fails to qualify for the Federal estate tax marital deduction, then the Federal estate tax due by reason of the Grantor's death shall be paid from the assets of that portion of Trust B for which the marital deduction was not elected to the extent that those assets are sufficient and otherwise from Trust A; or (b) If the taxes required hereunder to be paid from Trust A should exhaust Trust A, the amount thereof which cannot be paid from Trust A shall first be charged to Trust B, and if the assets allocated to Trust B are insufficient to pay any portion thereof, the balance shall be divided equally between Trust C and Trust D.