Common use of Time of Allocation Clause in Contracts

Time of Allocation. All allocations of Profits and Losses made pursuant to SECTION 5.1 shall be made as of the last day of each fiscal year of the LLC; PROVIDED, HOWEVER, that if during any fiscal year of the LLC or any portion thereof there is for any reason a change in any Member's Percentage Interest in the LLC, the Profits and Losses for such year shall be allocated among the Members based upon the number of days during such period that such Member was the owner of such interest or in such other manner as the Manager deems appropriate in accordance with the requirements of the Code and of Treasury Regulations issued pursuant thereto.

Time of Allocation. All allocations of Profits and Losses made pursuant to SECTION Section 5.1 shall be made as of the last day of each fiscal year of the LLC; PROVIDEDprovided, HOWEVERhowever, that -------- ------- if during any fiscal year of the LLC or any portion thereof there is for any reason a change in any Member's Percentage Membership Interest in the LLC, the Profits and Losses for such year shall be allocated among the Members based upon the number of days during such period that such Member was the owner of such interest or in such other manner as a majority of the Manager deems authorized number of Managers deem appropriate in accordance with the requirements of the Code and of Treasury Regulations issued pursuant thereto.

Time of Allocation. All allocations of Profits and Losses made pursuant to SECTION 5.1 Section 6.1 shall be made as of the last day of each fiscal year of the LLC; PROVIDEDprovided, HOWEVERhowever, that if during any fiscal year of the LLC or any portion thereof there is for any reason a change in any Member's Percentage Interest in the LLC, the Profits and Losses for such year shall be allocated among the Members based upon the number of days during such period that such Member was registered as the owner of such interest or in such other manner as the Manager Management Committee deems appropriate in accordance with the requirements of the Code and of Treasury Regulations issued pursuant thereto.

Time of Allocation. All allocations of Profits and Losses made pursuant to SECTION Section 5.1 shall be made as of the last day of each fiscal year of the LLC; PROVIDEDprovided, HOWEVERhowever, that if during any fiscal year of the LLC or any portion thereof there is for any reason a change in any Member's ’s Percentage Interest attributable to their Membership Interests in the LLC, the Profits and Losses for such year shall be allocated among the Members based upon the number of days during such period that such Member was the owner of such interest or in such other manner as the Manager deems appropriate in accordance with the requirements of the Code and of Treasury Regulations issued pursuant thereto.

Time of Allocation. All allocations of Profits and Losses made pursuant to SECTION Section 5.1 shall be made as of the last day of each fiscal year of the LLC; PROVIDEDprovided, HOWEVERhowever, that if during any fiscal year of the LLC or any portion thereof there is for any reason a change in any Member's Percentage Membership Interest in the LLC, the Profits and Losses for such year shall be allocated among the Members based upon the number of days during such period that such Member was the owner of such interest or in such other manner as a majority of the Manager deems authorized number of Managers deem appropriate in accordance with the requirements of the Code and of Treasury Regulations issued pursuant thereto.