Income Tax Reporting. Each Member is aware of the income tax consequences of the allocations made by this Article 4 and hereby agrees to be bound by the provisions of Article 4 in reporting such Member’s share of LLC income and loss for federal and state income tax purposes.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.)
Income Tax Reporting. Each Member is aware of the income tax consequences of the allocations made by this Article 4 5 and hereby agrees to be bound by the provisions of Article 4 5 in reporting such Member’s share of LLC Company income and loss for federal and state income tax purposes.
Appears in 2 contracts
Samples: Operating Agreement (BBX Capital Corp), Operating Agreement (BFC Financial Corp)
