Tax Items definition

Tax Items shall have the meaning set forth in Section 6.4.A.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Tax Items has the meaning set forth in subparagraph 4(a) of Exhibit B.

Tax Items has the meaning set forth in Exhibit B.

Examples of Tax Items in a sentence

Notwithstanding Section 6.5(a) hereof, Tax Items with respect to Property that is contributed to the Company with an initial Gross Asset Value that varies from its basis in the hands of the contributing Member immediately preceding the date of contribution shall be allocated among the Holders for income tax purposes pursuant to Regulations promulgated under Code Section 704(c) so as to take into account such variation.
In the event that the Gross Asset Value of any Company asset is adjusted pursuant to subsection (b) of the definition of “Gross Asset Value” (provided in Article 1 hereof), subsequent allocations of Tax Items with respect to such asset shall take account of the variation, if any, between the adjusted basis of such asset and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable Regulations and using the method chosen by the Managing Member.

More Definitions of Tax Items

Tax Items has the meaning set forth in Section 5.01(f)(i).

Tax Items means any item of income, gain, loss, deduction, or credit.

Tax Items has the meaning assigned to such term in Section 7.2(a).

Tax Items has the meaning set forth in Section 3.17(a).

Tax Items means, with respect to any property, all items of profit and loss (including Tax Depreciation) recognized by or allowable to the Partnership with respect to such property, as computed for Federal income tax purposes.

Tax Items has the meaning set forth in subsection 4.4(a) hereof.

Tax Items is defined in Section 6.3(a).