Determination of Profits and Losses. 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 Managing Partner using any permissible method under Code Section 706 and the Regulations thereunder.
Appears in 2 contracts
Samples: Partnership Agreement (Texas Unwired), Contribution Agreement (Unwired Telecom Corp)
Determination of Profits and Losses. 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 Managing Partner Members using any permissible method under Code Section 706 and the Regulations thereunder.
Appears in 2 contracts
Samples: Operating Agreement (Valcent Products Inc.), Limited Liability Company Operating Agreement (Global Green Solutions Inc.)
Determination of Profits and Losses. For purposes Items of determining the Profits, Losses, Profit or any other items Loss allocable to any period, Profits, Losses, and any such other items period shall be determined on a daily, monthly, or other basis, as determined by the Managing Partner Manager using any permissible method under Code Section 706 and the Regulations thereunderrelated Treasury Regulations.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Determination of Profits and Losses. For purposes Items of determining the Profits, Losses, Profit or any other items Loss allocable to any period, Profits, Losses, and any such other items period shall be determined on a daily, monthly, quarterly, or other basis, as determined by the Managing Partner Manager using any permissible method under Code Section section 706 and the Regulations thereunderrelated Treasury Regulations.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Solitario Exploration & Royalty Corp.)
Determination of Profits and Losses. For purposes Items of determining the Profits, Losses, Profit or any other items Loss allocable to any period, Profits, Losses, and any such other items period shall be determined on a daily, monthly, or other basis, as determined by the Managing Partner Manager using any permissible method under Code Section section 706 and the Regulations thereunderrelated Treasury Regulations.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Contango ORE, Inc.)