Common use of Distributions and Allocations in Respect of Transferred Interest Clause in Contracts

Distributions and Allocations in Respect of Transferred Interest. If any Interest is transferred during any accounting period to a third party or to a Member in compliance with the provisions of this Section 10, Profits, Losses, each item thereof and all other items attributable to such Interest for such period shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the period in accordance with Section 9 hereof and Code Section 706(d), using the Effective Transfer Date as the date upon which the change in ownership of the Interest occurred, and using any conventions permitted by law and selected by the unanimous action of the remaining Members. All distributions on or before the Effective Transfer Date shall be made to the transferor and all distributions thereafter shall be made to the transferee. Neither the Company nor any Manager or Member shall incur any liability for making allocations and distributions in accordance with the provisions of this Section 10.5, whether or not any of them has knowledge of any transfer of ownership of any Interest.

Distributions and Allocations in Respect of Transferred Interest. If any Interest is transferred during any accounting period to a third party or to a Member in compliance with the provisions of this Section 10Article 11, Profits, Losses, Losses and each item thereof and all other items attributable to such Interest for such period period, shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the period in accordance with Section Article 9 hereof and Code Section 706(d), using the Effective Transfer Date as the date upon which the change in ownership of the Interest occurred, and using any conventions permitted by law and selected by the unanimous action a Majority-in-Interest of the remaining Members. All distributions on or before the Effective Transfer Date shall be made to by the transferor and all distributions thereafter shall be made to the transferee. Neither the Company nor any Manager or Member shall incur any liability for making allocations and distributions in accordance with the provisions of this Section 10.511.7, whether or not any of them has knowledge of any transfer of ownership of any Interest.

Distributions and Allocations in Respect of Transferred Interest. If any Interest is transferred during any accounting period to a third party or to a Member in compliance with the provisions of this Section 10Article XI, Profits, Losses, Losses and each item thereof and all other items attributable to such Interest for such period period, shall be divided and allocated between the transferor and the transferee by taking into account their varying interests during the period in accordance with Section 9 Article IX hereof and Code Section 706(d), using the Effective Transfer Date as the date upon which the change in ownership of the Interest occurred, and using any conventions permitted by law and selected by the unanimous action a Majority-in-Interest of the remaining Members. All distributions on or before the Effective Transfer Date shall be made to by the transferor and all distributions thereafter shall be made to the transferee. Neither the Company nor any Manager or Member shall incur any liability for making allocations and distributions in accordance with the provisions of this Section 10.511.7, whether or not any of them has knowledge of any transfer of ownership of any Interest.