Common use of Allocation of Income and Loss Clause in Contracts

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.

Allocation of Income and Loss. With Respect to LLC Interests Transferred If any LLC Interest is transferred during any Fiscal YearYear in accordance with this Agreement, the Net Income or Net Loss (and other items referred to in Section SECTION 6.1.) attributable to such LLC Interest for such Fiscal Year shall be allocated between the transferor and the transferee based on by closing the number of days during such Fiscal Year for which each party was the owner books of the LLC Interest transferredas of the effective date of transfer.

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 by closing the number of days during such Fiscal Year for which each party was the owner books of the LLC Interest transferredas of the date of the transfer.

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) 6.01 attributable to such Income or Net LLC Interest for such Fiscal Year shall be allocated proportionately between the transferor and the transferee based on the number of days during such Fiscal Year for which each party parry was the transferor and the transferee owner of the LLC Interest transferred.