Common use of Allocations in Connection with Varying Interests Clause in Contracts

Allocations in Connection with Varying Interests. If, during a Company fiscal year, there is (i) a permitted Transfer of Units under this Agreement during a Company fiscal year or (ii) the admission of a Member or additional Members, Net Profit, Net Loss, each item thereof, and all other tax items of the Company for such period shall be divided and allocated among the Members by taking into account their varying interests during such fiscal year in accordance with Code Section 706(d) and using any conventions permitted by law and selected by the Managing Member.

Allocations in Connection with Varying Interests. If, during a Company fiscal year, there is (i) a permitted Transfer transfer of Units under this Agreement during all or a Company fiscal year part of a Member's interest in the Company, or (ii) the admission or withdrawal of a Member or additional MembersMember, Net Profitnet profit, Net Lossnet loss, each item thereof, and all other tax items of the Company for such period fiscal year shall be divided and allocated among the Members by taking into account their varying interests during such fiscal year in accordance with Code Section 706(d) and using any conventions permitted by law and selected by the Managing MemberManager.

Allocations in Connection with Varying Interests. If, during a Company fiscal year, there is (i) a permitted Transfer transfer of Units a Membership Interest or Economic Interest under this Agreement during a Company fiscal year or (ii) the admission of a Member or additional Members, Net Profit, Net Loss, each item thereof, and all other tax items of the Company for such period shall be divided and allocated among the Members Unit Holders by taking into account their varying interests during such fiscal year in accordance with Code Section 706(d) and using any conventions permitted by law and selected by the Managing MemberMembers.

Allocations in Connection with Varying Interests. If, during a Company fiscal year, there is (i) a permitted Transfer transfer of Units a Membership Interest under this Agreement during a Company fiscal year or (ii) the admission of a Member or additional Members, Net Profit, Net Loss, each item thereof, and all other tax items of the Company for such period shall be divided and allocated among the Members by taking into account their varying interests during such fiscal year in accordance with Code Section 706(d) and using any conventions permitted by law and selected by the Managing MemberCompany.