Allocations Between Assignor and Assignee Clause Samples
Allocations Between Assignor and Assignee. If a Member Transfers Units in accordance with this Agreement, each other Governing Document and/or any Vesting Agreement, as applicable, then the transferor and transferee shall each be entitled to distributions and allocations as hereafter provided in this Section 7.3. Unless the transferor and transferee shall agree otherwise and so provide in an instrument of assignment pursuant to which such transfer is effected that is satisfactory to the Board, in its sole discretion, and provide the Company with a copy thereof at the time of such transfer, distributions shall be made to the Person owning the Units at the date of distribution and Profits and Losses shall be allocated between the transferor and transferee by taking into account their varying interests during the period in accordance with Section 706(d) of the Code, using any conventions permitted by law and selected by the Board.
Allocations Between Assignor and Assignee. In the case of a Transfer of an Economic Interest during any fiscal year, the Assigning Member and Assignee shall each be allocated the Economic Interest's share of Profits or Losses based on the number of days each held the Economic Interest during that fiscal year.
Allocations Between Assignor and Assignee. Net Income, Net Loss and Distributions will be allocated between the assignor and the assignee of record as provided under Article 11 hereof, with the owner of a Unit on the first day of a calendar quarter being allocated the Partnership's Net Income, Net Loss and Distributions with respect to such quarter.
Allocations Between Assignor and Assignee. If a Member's Interests shall be assigned, then the transferor and transferee shall each be entitled to distributions and allocations as hereafter provided in this Section G.4. Unless the transferor and transferee shall agree otherwise and so provide in the instrument of assignment, distributions shall be made to the Person owning the Interests at the date of distribution. All Profits and Losses shall be allocated pro rata, based on the number of days each Person held the Interests during the year in which the assignment occurred, except that, in the event of a sale, exchange, or liquidation of a Member's entire Interest in BMG, Profits and Losses with respect thereto shall be allocated in accordance with an interim closing of BMG books as provided in Treasury Regulation Section 1.706-1 (c)(2). Bridging Medical Group, LLC Document Title [-] Page 21 of 39 Section G.5 Additional Members. Additional Persons may be admitted to BMG as Members and additional Units of Interests may be created and issued to such Persons and to existing Members with the consent of the Board of Managers.
Allocations Between Assignor and Assignee. If a Member transfers Shares in accordance with this Agreement, the Share Sale Agreement and any applicable Award Agreement, then the transferor and transferee shall each be entitled to distributions and allocations as hereafter provided in this Section 7.4. Unless the transferor and transferee shall agree otherwise and so provide in the instrument of assignment pursuant to which such transfer is effected and provide the Company with a copy thereof at the time of such transfer, distributions shall be made to the Person owning the Shares at the date of distribution and Profits and Losses shall be allocated between the transferor and transferee by taking into account their varying interests during the period in accordance with Section 706(d) of the Code, using any conventions permitted by law and selected by the Board.
Allocations Between Assignor and Assignee. If a Member Transfers Shares in accordance herewith, then the transferor and transferee shall each be entitled to distributions and allocations as hereafter provided in this Section 7.