Common use of ALLOCATION UPON CHANGE IN INTERESTS Clause in Contracts

ALLOCATION UPON CHANGE IN INTERESTS. The Company shall treat all transfers and acquisitions of any interest in the profits or losses of the Company that occur during the first 15 days of a month as occurring on the first day of the month, and shall treat all such transfers and acquisitions that occur after the 15th day of the month as occurring on the 16th day of the month, except that a daily allocation shall be made in the case of the acquisition or disposition of a Member's entire interest in the Company. For purposes of this subsection (f), the Company shall utilize the interim closing of the books method.