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 Board of Managers using any permissible method under Code Section 706 and the Treasury Regulations thereunder.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc), Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc)
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 Board of Managers Manager using any permissible method under Code Section 706 and the Treasury Regulations thereunder.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc), Limited Liability Company Operating Agreement (Learningexpress Com Holdings Inc)
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 Board of Managers using any permissible method under Code Section 706 and the Treasury Regulations thereunder.
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