Common use of Allocations to Transferred Interests Clause in Contracts

Allocations to Transferred Interests. Income, gains, losses, deductions and expenditures allocated to a Membership Interest that is Transferred during a Fiscal Year shall be allocated to each Person who was the holder of such Membership Interest during such Fiscal Year in a manner which takes into account the varying interests of the Members in the Company during such Fiscal Year, including by an allocation in proportion to the number of days that each such holder was recognized as the owner of such Membership Interest during such Fiscal Year or by an interim closing of the books, or in any other manner permitted by Section 706 of the Code, as determined by the transferee and the transferor in their sole discretion; provided, however, that any expenses incurred by the Company in allocating such items shall be borne by the transferee and the transferor.

Allocations to Transferred Interests. Income, gains, losses, deductions and expenditures allocated to a Membership an Ownership Interest that is Transferred during a Fiscal Year shall be allocated to each Person who was the holder of such Membership Ownership Interest during such Fiscal Year in a manner which takes into account the varying interests of the Members in the Company during such Fiscal Year, including by an allocation in proportion to the number of days that each such holder was recognized as the owner of such Membership Ownership Interest during such Fiscal Year or by an interim closing of the books, or in any other manner permitted by Section 706 of the Code, as determined by the transferee and the transferor in their sole discretion; provided, however, provided that any expenses incurred by the Company in allocating such items shall be borne by the transferee and the transferor.

Allocations to Transferred Interests. Income, gains, losses, deductions and expenditures allocated to a Membership an Ownership Interest that is Transferred during a Fiscal Year shall be allocated to each Person who was the holder of such Membership Ownership Interest during such Fiscal Year in a manner which takes into account the varying interests of the Members in the Company during such Fiscal Year, including by an allocation in proportion to the number of days that each such holder was recognized as the owner of such Membership Ownership Interest during such Fiscal Year or by an interim closing of the books, or in any other manner permitted by Section section 706 of the Code, as determined by the transferee and the transferor in their sole discretion; provided, however, provided that any expenses incurred by the Company in allocating such items shall be borne by the transferee and the transferor.

Allocations to Transferred Interests. Income, gains, losses, deductions and expenditures allocated to a Membership an Ownership Interest that is Transferred during a Fiscal Year shall be allocated to each Person who was the holder of such Membership Ownership Interest during such Fiscal Year in a manner which takes into account the varying interests of the Members in the Company during such Fiscal Year, including by an allocation in proportion to the number of days that each such holder was recognized as the owner of such Membership Ownership Interest during such Fiscal Year or by an interim closing of the books, or in any other manner permitted by Section 706 of the Code, as determined by the transferee and the transferor in their sole discretion; provided, however, that any expenses incurred by the Company in allocating such items shall be borne by the transferee and the transferor.