Allocations When Interests Change. For purposes of determining the Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly, or other basis, as determined by the General Partner using any permissible method under Code Section 706 and the Regulations thereunder; provided, however, that any adjustments to the Agreed Value of a Partnership asset treated as gain or loss under paragraph (iii) of the definition of "Profits" and "Losses" or under Section 6.6.6.3 hereof shall be allocated only to those persons who were Interest Holders immediately before the event giving rise to such adjustment.
Allocations When Interests Change. In the event that the number of Shares held by any Member shall change during the year, allocations made under this Article III to each such Member shall be prorated according to the number of Shares held by each Member for each portion of the year, on a daily, monthly or other basis, as determined by the Managing Member using any permissible method under Code Section 706 and the Regulations thereunder.
Allocations When Interests Change. If the Subscription of the existing Partners is increased after the Closing in accordance with the terms of this Agreement, the General Partner shall adjust subsequent allocations of items of Partnership income, gain, loss and expense otherwise provided for in this Article 8 as necessary so that, after such adjustments have been made each Partner shall have been allocated an aggregate amount of such items equal in an amount to the aggregate amount of such items such Partner would have been allocated if it had subscribed to the Partnership on the Closing with a Subscription equal to that set forth in Schedule A after such schedule has been revised to reflect such Partner’s increase in its Subscription.
Allocations When Interests Change. For purposes of determining the Profits, Losses or any other items allocable to any period, Profits, Losses and any such other items shall be determined on a daily, monthly, or other basis, as determined by the General Partner using any permissible method under Code Section 706 and the Regulations thereunder; provided, however, that any adjustments to the Agreed
Allocations When Interests Change
