Common use of Allocations in Respect of Transferred Interests Clause in Contracts

Allocations in Respect of Transferred Interests. In the case of Units transferred during any Fiscal Year in compliance with the provisions of Article IV, items of income, gain, loss deduction and credit, and all other items attributable to such transferred Units or such Fiscal Year shall apportioned between the transferor and the transferee in such manner determined by the Board of Directors to be consistent with applicable law.

Allocations in Respect of Transferred Interests. In the case of Units transferred during any Fiscal Year in compliance with the provisions of Article IV, items of income, gain, loss deduction and credit, and all other items attributable to such transferred Units or such Fiscal Year shall apportioned between the transferor and the transferee in such manner determined by the Board of Directors to be consistent with applicable law.law.‌

Allocations in Respect of Transferred Interests. In the case of Units Shares transferred during any Fiscal Year in compliance with the provisions of Article IV4, items of income, gain, loss deduction and credit, and all other items attributable to such transferred Units Shares or such Fiscal Year shall apportioned between the transferor and the transferee based on the interim closing method described in Proposed U.S. Treasury Regulations Section 1.706-4(c) as of the first business day of the month of such transfer or in such manner as determined by the Board of Directors to be consistent with applicable lawDirectors.

Allocations in Respect of Transferred Interests. In the case of Units Shares transferred during any Fiscal Year in compliance with the provisions of Article IV4, items of income, gain, loss deduction and credit, and all other items attributable to such transferred Units Shares or such Fiscal Year shall apportioned between the transferor and the transferee in such manner determined by the Board of Directors to be consistent with applicable law.