Common use of Allocation During Year Clause in Contracts

Allocation During Year. For purposes of determining Profits, Losses, or any other items allocable to any period ending on a date other than the last day of the Company’s Year, Profits, Losses, and any such other items shall be allocated among such periods using such method permitted by §706 of the Code and the Regulations thereunder as shall be chosen by the Managers.

Appears in 3 contracts

Samples: Operating Agreement (Hallmark Financial Services Inc), Operating Agreement (Hallmark Financial Services Inc), Operating Agreement (NCOP II, Inc.)

AutoNDA by SimpleDocs

Allocation During Year. For purposes of determining Profits, Losses, or any other items allocable to any period ending on a date other than the last day of the Company’s Year's year, Profits, Losses, and any such other items of income, gain, loss and deduction shall be allocated among such periods using such method permitted by §706 in accordance with ss.706 of the Code and the Regulations thereunder thereunder, using such allocation method (pro rata or interim closing of the books or other method permitted by the Regulations) as shall be chosen determined by the ManagersMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cross Media Marketing Corp)

Allocation During Year. For purposes of determining Profits, ---------------------- Losses, or any other items allocable to any period ending on a date other than the last day of the Company’s Year's year, Profits, Losses, and any such other items of income, gain, loss and deduction shall be allocated among such periods using such method permitted by §in accordance with (S) 706 of the Code and the Regulations thereunder thereunder, using such allocation method (pro rata or interim closing of the books or other method permitted by the Regulations) as shall be chosen determined by the Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pacific Aerospace & Electronics Inc)

Allocation During Year. For purposes of determining Profits, Losses, ---------------------- or any other items allocable to any period ending on a date other than the last day of the Company’s Year's year, Profits, Losses, and any such other items of income, gain, loss and deduction shall be allocated among such periods using such method permitted by §in accordance with (S) 706 of the Code and the Regulations thereunder thereunder, using such allocation method (pro rata or interim closing of the books or other method permitted by the Regulations) as shall be chosen determined by the Managers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pacific Aerospace & Electronics Inc)

Allocation During Year. For purposes of determining Profits, Losses, or any other items allocable to any period ending on a date other than the last day of the CompanyPartnership’s Yearyear, Profits, Losses, and any such other items of income, gain, loss and deduction shall be allocated among such periods using such method permitted by §706 of the Code and the Regulations thereunder as shall be chosen determined by the ManagersGeneral Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Plaid Brothers Software, Inc.)

AutoNDA by SimpleDocs

Allocation During Year. For purposes of determining Profits, Losses, or any other items allocable to any period ending on a date other than the last day day-of the CompanyPartnership’s Yearyear, Profits, Losses, and any such other items shall be allocated among such periods using such method permitted by §§ 706 of the Code and the Regulations thereunder as shall be chosen by the ManagersGeneral Partner.

Appears in 1 contract

Samples: Contribution Agreement (Pennsylvania Real Estate Investment Trust)

Allocation During Year. For purposes of determining Profits, Losses, or any other items allocable to any period ending on a date other than the last day of the Company’s YearPartnership's year, Profits, Losses, and any such other items shall be allocated among such periods using such method permitted by §706 ss.706 of the Code and the Regulations thereunder as shall be chosen by the ManagersGeneral Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Pennsylvania Real Estate Investment Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!