Allocations With Respect to Transferred Interests. Except as otherwise provided below or unless otherwise required by the provisions of the Code or agreed by the Members, any Profit or Loss allocable to an interest in the Company which has been transferred during any year shall be allocated among the Persons who were holders of such interest during such year in proportion to the number of days during such year that each holder was recognized as the holder of the interest, without regard to the results of Company operations during the period the holder was recognized as the owner thereof.
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Samples: Operating Agreement, Operating Agreement (Gallagher Arthur J & Co), Operating Agreement (Gallagher Arthur J & Co)
Allocations With Respect to Transferred Interests. Except as otherwise provided below or unless otherwise required by the provisions of the Code or agreed upon by a Super Majority of the MembersPartners, any Profit Profits or Loss Losses allocable to an interest in the Company Partnership which has been transferred during any year shall be allocated among the Persons who were holders of such interest during such year in proportion to the number of days during such year that each holder was recognized as the holder of the interest, without regard to the results of Company Partnership operations during the period the holder was recognized as the owner thereof.
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