Allocation of Gains and Losses from Capital Transactions. (a) Subject to Section 4.07, any Book Tax Gain of the Company resulting from a Capital Transaction shall be allocated to the Members, pro rata, in proportion to their Percentage Interests. (b) Subject to Section 4.07, any Book Tax Loss of the Company resulting from a Capital Transaction shall be allocated to the Members, pro rata, in proportion to their Percentage Interests.
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Samples: Operating Agreement (Eldertrust), Operating Agreement (Eldertrust), Operating Agreement (Eldertrust)
Allocation of Gains and Losses from Capital Transactions. (a) Subject to Section 4.076.7, any Book Tax Gain of the Company Partnership resulting from a Capital Transaction shall be allocated to the MembersPartners, pro rata, in proportion to their Percentage Interests.
(b) Subject to Section 4.076.7, any Book Tax Loss of the Company Partnership resulting from a Capital Transaction shall be allocated to the Members, pro rata, Partners in proportion to their Percentage Interests.
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