Common use of General Allocation Provisions Clause in Contracts

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Income or Loss shall be divided among the Members in the same proportions as they share such Income or Loss, as the case may be, for the year. For purposes of determining the Income, Loss or any other items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, on an accrual method of accounting.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Income or Loss shall be divided allocated among the Members in the same proportions as they share proportion that such Income or Loss, as the case may be, for the yearis allocated. For purposes of determining the Income, Loss or any other distributive share items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, on an accrual as determined by the Members, using any permissible method of accountingunder the IRC and the Treasury Regulations.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Income or Loss shall be divided among the Members in the same proportions as they share such Income or Loss, as the case may be, for the year. For purposes of determining the Income, Loss or any other items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, on an accrual as determined by the Board of Directors using any permissible method of accountingunder Code ss. 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Income or Loss shall be divided allocated among the Members Partners in the same proportions as they share proportion that such Income or Loss, as the case may be, for the yearis allocated. For purposes of determining the Income, Loss or any other distributive share items for any period, Income, Loss or any such other items shall be determined on a daily, monthly or other basis, on an accrual as determined by the General Partner, using any permissible method of accountingunder the IRC and the Treasury Regulations.