Common use of Shares Held During Portion of Taxable Year Clause in Contracts

Shares Held During Portion of Taxable Year. For purposes of determining the income, gain, loss, deduction or credit, or any other items allocable to any period, such items shall be determined on a daily, monthly, or other basis, as determined by the Manager using any permissible method under Code Section 706 and the Treasury Regulations thereunder.

Shares Held During Portion of Taxable Year. For purposes of determining the income, gain, loss, deduction or credit, or any other items allocable to any period, such items shall be determined on a daily, monthly, or other basis, as determined by the Manager Board of Managers using any permissible method under Code Section 706 and the Treasury Regulations thereunder.

Shares Held During Portion of Taxable Year. For purposes of determining the income, gain, loss, deduction or credit, or any other items allocable to any period, such items shall be determined on a daily, monthly, or other basisusing the “closing the books” method under any monthly convention, as determined by the Manager using any Board of Managers, permissible method under Code Section 706 and the Treasury Regulations thereunder.

Shares Held During Portion of Taxable Year. For purposes of determining the income, gain, loss, deduction or credit, or any other items allocable to any period, such items shall be determined on a daily, monthly, monthly or other basis, basis as determined by the Manager Board of Managers using any permissible method under Code Section 706 and the Treasury Regulations thereunder.