Allocations in Respect of Transferred Membership Interests. In the event of a Transfer of Membership Interests during any Fiscal Year made in compliance with the provisions of Article IX, Net Income, Net Losses and other items of income, gain, loss and deduction of the Company attributable to such Membership Interests for such Fiscal Year shall be determined using the interim closing of the books method.
Allocations in Respect of Transferred Membership Interests. If any Membership Interests are Transferred, the tax items attributable to those Membership Interests for the Taxable Year in which the Transfer occurs shall be allocated between the transferor and transferee based upon the “interim closing method” (within the meaning of Section 1.706-4 of the Treasury Regulations) or such other method determined by the Board of Managers.
Allocations in Respect of Transferred Membership Interests. If during any Fiscal Year any Membership Interests are Transferred, any additional Membership Interests are issued by reason of the admission of a new Member or otherwise, any Membership Interests are redeemed, or there is any other change to the Membership Interests, then each item of income, gain, loss, deduction or credit of the Company for that Fiscal Year will be allocated among the Members, as determined by the Board in accordance with any method permitted by Code Section 706(d) and the Regulations thereunder in order to take into account the Members’ varying interests in the Company during the Fiscal Year.
Allocations in Respect of Transferred Membership Interests. In the event of a Transfer of Membership Interests during any Fiscal Year made in compliance with the provisions of Article IX, Net Income, Net Losses and other items of income... Section 5.05.
