Allocation of Income and Loss With Respect to LLC Interests Transferred. If any LLC Interest is transferred during any Fiscal Year, the Net Income or Net Loss (and other items referred to in Section 6.1) attributable to such LLC Interest for such Fiscal Year shall be allocated between the transferor and the transferee based on the number of days during such Fiscal Year for which each party was the owner of the LLC Interest transferred.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Hughes Communications, Inc.), Limited Liability Company Agreement (Boston Gear LLC), Limited Liability Company Agreement (HNS-India VSAT, Inc.)
Allocation of Income and Loss With Respect to LLC Interests Transferred. If any LLC Interest is transferred during any Fiscal Year, the Net Income or Net Loss (and other items referred to in Section 6.1) attributable to such LLC Interest for such Fiscal Year shall be allocated between the transferor and the transferee based on the number of days during such Fiscal Year for which each party was the owner by any method allowed pursuant to Section 706 of the LLC Interest transferredCode and any regulations promulgated in connection therewith, as determined by the Board of Representatives.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wyle Electronics), Limited Liability Company Agreement (Marshall Industries)
Allocation of Income and Loss With Respect to LLC Interests Transferred. If any LLC Interest is transferred during any Fiscal Year, the Net Income or Net Loss (and other items referred to in Section 6.16.3) attributable to such LLC Interest for such Fiscal Year shall be allocated between the transferor and the transferee based on the number of days during such Fiscal Year for which each party was the owner of the LLC Interest transferred.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Encore Clean Energy Inc)
Allocation of Income and Loss With Respect to LLC Interests Transferred. If any LLC Interest is transferred during any Fiscal Year, the Net Income or Net Loss (and other items referred to in Section 6.16.01) attributable to such LLC Interest for such Fiscal Year shall be allocated between the transferor and the transferee based on the number of days during such Fiscal Year for which each party was the owner of the LLC Interest transferred.in accordance with Article X.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Dixie Group Inc)
