Common use of Allocation of Income and Loss and Distributions in Respect of Interests Transferred Clause in Contracts

Allocation of Income and Loss and Distributions in Respect of Interests Transferred. (a) If any interest in the company is transferred, or is increased or decreased by reason of the admission of a new Member or otherwise, during any fiscal year of the Company, each item of income, gain, loss, deduction, or credit of the Company for the fiscal year must be assigned pro rata to each day in the particular period of the fiscal year to which the item is attributable (that is, the day on or during which it is accrued or otherwise incurred) and the amount of each item so assigned to any day shall be allocated to the Member based on his, her or its respective interest in the Company at the close of the day. For the purpose of accounting convenience and simplicity, the Company may treat a transfer of, or an increase or decrease in, an interest in the Company that occurs at any time during a semimonthly period (commencing with the semimonthly period including the date of this Agreement) as having been consummated on the first day of the semimonthly period, regardless of when during the semimonthly period the transfer, increase, or decrease actually occurs (that is, sales and dispositions made during the first fifteen (15) days of any month are deemed to have been made on the 16th day of the month).

Allocation of Income and Loss and Distributions in Respect of Interests Transferred. (a) If any interest Interest in the company Company is transferred, or is increased or decreased by reason of the admission of a new Member or otherwise, during any fiscal year of the Company, each item of income, gain, loss, deduction, deduction or credit of the Company for the such fiscal year must shall be assigned pro rata to each day in the particular period of the such fiscal year to which the such item is attributable (that isi.e., the day on or during which it is accrued or otherwise incurred) and the amount of each such item so assigned to any such day shall be allocated to the Member based on his, her or upon its respective interest Interest in the Company at the close of the such day. For the purpose of accounting convenience and simplicity, the Company may treat a transfer of, or an increase or decrease in, an interest Interest in the Company that occurs at any time during a semimonthly semi-monthly period (commencing with the semimonthly semi-monthly period including the date of this Agreementhereof) as having been consummated on the first day of the semimonthly such semi-monthly period, regardless of when during the semimonthly such semi-monthly period the such transfer, increase, or decrease actually occurs (that isi.e., sales and dispositions made during the first fifteen (15) 15 days of any month are may be deemed to have been made on the first day of the month and sales and dispositions thereafter may be deemed to have been made on the 16th day of the month).

Allocation of Income and Loss and Distributions in Respect of Interests Transferred. (a) 3.4.1 If any interest Interest in the company Company is transferred, or is increased or decreased by reason of the admission of a new Member or otherwise, during any fiscal year of the Company, each item of income, gain, loss, deduction, deduction or credit of the Company for the such fiscal year must shall be assigned pro rata to each day in the particular period of the such fiscal year to which the such item is attributable (that isi.e., the day on or during which it is accrued or otherwise incurred) and the amount of each such item so assigned to any such day shall be allocated to the Member based on his, her or its respective interest in the Company upon Section 3.1.1 at the close of the such day. For the purpose of accounting convenience and simplicity, the Company may treat a transfer of, or an increase or decrease in, an interest Interest in the Company that which occurs at any time during a semimonthly period (commencing with the semimonthly period including the date of this Agreementhereof) as having been consummated on the first day of the such semimonthly period, regardless of when during the such semimonthly period the such transfer, increase, or decrease actually occurs (that isi.e., sales and dispositions made during the first fifteen (15) days of any month are will be deemed to have been made on the 16th day of the month).

Allocation of Income and Loss and Distributions in Respect of Interests Transferred. (a) If any interest in the company is transferred, or is increased or decreased by reason of the admission of a new Member or otherwise, during any fiscal year of the Company, each item of income, gain, loss, deduction, or credit of the Company for the fiscal year must be assigned pro rata to each day in the particular period of the fiscal year to which the item is attributable (that is, the day on or during which it is accrued or otherwise incurred) and the amount of each item so assigned to any day shall be allocated to the Member based on his, his or her or its respective interest in the Company at the close of the day. For the purpose of accounting convenience and simplicity, the Company may treat a transfer of, or an increase or decrease in, an interest in the Company that occurs at any time during a semimonthly period (commencing with the semimonthly period including the date of this Agreement) as having been consummated on the first day of the semimonthly period, regardless of when during the semimonthly period the transfer, increase, or decrease actually occurs (that is, sales and dispositions made during the first fifteen (15) days of any month are deemed to have been made on the 16th day of the month).