Allocations on Transfer of Interests. All items of income, gain, loss, deduction, and credit allocable to any interest in the Partnership that may have been transferred shall be allocated between the transferor and the transferee based upon the closing of the books method, unless the transferor and transferee otherwise agree.
Appears in 5 contracts
Samples: Limited Partnership Agreement (Cedar Income Fund LTD /Md/), Limited Partnership Agreement (Cedar Income Fund LTD /Md/), Partnership Agreement (Cedar Income Fund LTD /Md/)
Allocations on Transfer of Interests. All items of income, gain, loss, deduction, and credit allocable to any interest in the Partnership Company that may have been transferred shall be allocated between the transferor and the transferee based upon the “interim closing of the books books” method, unless provided, however, such allocation shall be made in accordance with a method permissible under section 706 of the transferor Code and transferee otherwise agreethe Regulations thereunder.
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Samples: Limited Liability Company Agreement (Glimcher Realty Trust), Purchase and Sale Agreement (Glimcher Realty Trust)
Allocations on Transfer of Interests. All items of income, gain, loss, deduction, and credit allocable to any interest in the Partnership that may have been transferred shall be allocated between the transferor and the transferee as based upon the closing that portion of the books method, unless calendar year during which each was recognized as owning such interest in accordance with a method permissible under Section 706 of the transferor Code and transferee otherwise agreethe Treasury Regulations thereunder and elected by mutual agreement of the General Partners.
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