Compliance with Code. The requirements of this Article 4 are intended and will be construed to ensure that the allocations of the LLC’s income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
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Samples: Limited Liability Company Operating Agreement (Cf Fund Ii, LLC), Limited Liability Company Operating Agreement (Cf Fund Ii, LLC), Limited Liability Company Operating Agreement (Cf Fund Ii, LLC)
Compliance with Code. The requirements of this Article 4 are intended and will be construed to ensure that the allocations of the LLCCompany’s income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)
Compliance with Code. The requirements of this Article 4 4.5 are intended and will be construed to ensure that the allocations of the LLC’s Company's income, gain, losses, deductions deductions, and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.. ARTICLE V
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Compliance with Code. The requirements of Section 4.3 and this Article 4 Section 4.4 are intended and will be construed to ensure that the allocations of the LLC’s income, gain, losses, deductions and credits have substantial economic effect under the Regulations promulgated under Section 704(b) of the Code.
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