Varying Interests. If any interest in the Company is Transferred during any accounting period, allocations of profit or loss and items of income, gain, loss and deduction with respect to such interest for such period shall be made using such method or methods (including, without limitation, an “interim closing” method) as the Manager and the Members determine to be appropriate and in compliance with Section 706 of the Code.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Comdisco Holding Co Inc), Limited Liability Company Agreement (Comdisco Holding Co Inc), Limited Liability Company Agreement (Comdisco Holding Co Inc)
Varying Interests. If any interest in the Company is Transferred during any accounting period, allocations of profit Profit or loss Loss and items of income, gain, loss and deduction with respect to such interest for such period shall be made using such method or methods (including, without limitation, an “"interim closing” " method) as the Manager and the Members determine to be appropriate and in compliance with Section 706 of the Code.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Comdisco Holding Co Inc), Limited Liability Company Agreement (Comdisco Holding Co Inc)
Varying Interests. If any interest in the Company is Transferred during any accounting period, allocations of profit Net Operating Income or loss Loss, Net Portfolio Profit or Loss, and items of income, gain, loss and deduction with respect to such interest for such period shall be made using such method or methods (including, without limitation, an “"interim closing” " method) as the Manager and the Class A Members (in accordance with Section 13) determine to be appropriate and in compliance with Section 706 of the Code.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Comdisco Holding Co Inc), Limited Liability Company Agreement (Comdisco Holding Co Inc)
Varying Interests. If any interest in the Company is Transferred during any accounting period, allocations of profit Profit or loss Loss and items of income, gain, loss and deduction with respect to such interest for such period shall be made using such method or methods (including, without limitation, an “interim closing” method) as the Manager and the Members determine to be appropriate and in compliance with Section 706 of the Code.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Comdisco Holding Co Inc)