Timing of Allocations. Items of income, gain, loss, deduction and credit will be allocated to the Members pursuant to this Article V as of the last day of each Fiscal Year; provided that such items shall also be allocated at such times as the Gross Asset Values of the Company’s assets are adjusted pursuant to Section 4.2(c).
Timing of Allocations. Allocations of Net Profits, Net Losses and other items of income, gain, loss and deduction pursuant to this Article V shall be made for each fiscal year of the LLC as of the end of such fiscal year; provided, however, that if the Carrying Value of the assets of the LLC are adjusted in accordance with clause (ii) of the definition of “Carrying Value,” the date of such adjustment shall be considered to be the end of a fiscal year for purposes of computing and allocating such Net Profits, Net Losses and other items of income, gain, loss and deduction.
Timing of Allocations. All Profit and Loss shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Interest Holders as of the last day of the taxable year for which the allocation or distribution is to be made. Notwithstanding the foregoing, unless the Company's taxable year is separated into segments, if there is a Transfer or an Involuntary Withdrawal during the taxable year, the Profit and Loss shall be allocated between the original Interest Holder and the successor on the basis of the number of days each was an Interest Holder during the taxable year; provided, however, the Company's taxable year shall be segregated into two or more segments in order to account for Profit, Loss, or proceeds attributable to any extraordinary non-recurring items of the Company.
Timing of Allocations. Allocations of Net Profits, Net Losses and other items of income, gain, loss and deduction pursuant to Section 5.01 and Section 5.02 shall be made for each fiscal year of the Company as of the end of such fiscal year; provided, however, that if the Carrying Values of the assets of the Company are adjusted pursuant to clause (ii) of the definition of “Carrying Value,” the date of such adjustment shall be considered to be the end of a fiscal year for purposes of computing and allocating such Net Profits, Net Losses and other items of income, gain, loss and deduction.
Timing of Allocations. Allocations of Profits and Losses as provided in this Section 4.1 shall be made as of the end of each Accounting Period.
Timing of Allocations. The Manager Member, in its sole discretion, may cause the Company to make the allocations described in this Article VII (other than allocations for tax purposes pursuant to Section 7.6) as of a time other than the end of a fiscal year on the basis of an interim closing of the Company's books at such time, but only if the Fund makes such interim allocations. In such event, each short fiscal period attributable to any such interim closing shall constitute a fiscal year for purposes of this Article VII.
Timing of Allocations. Net Profits and Net Losses shall be determined and allocated with respect to each fiscal year or other period of the Company: (a) as of the end of such fiscal year, (b) at such times as the Gross Asset Value of any Company Asset is adjusted pursuant to the definition thereof, and (c) at such other times as may be required or permitted pursuant to this Agreement or otherwise under the Code. Subject to the other provisions of this Agreement, an allocation to a Member of a share of Net Profits or Net Losses shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Profits or Net Losses.
Timing of Allocations. Profits, Losses and any other items of income, gain, loss or deduction shall be allocated to the Members pursuant to this Article 8 as of the last day of each Fiscal Year; provided, however, that Profits, Losses and such other items shall also be allocated at such times as the Gross Asset Values of Company Property are adjusted pursuant to subparagraph (ii) of the definition of “Gross Asset Value.”
Timing of Allocations. In the event that the goals, conditions and criteria as set by the Board have been met for the prior fiscal year, the Bank shall, within thirty (30) days after the availability of the information necessary to make those determinations, make an allocation of the Annual Cash Award to Employee's Deferred Cash Account. At the time of each such allocation, the Bank shall provide Employee with a written statement (the "Statement") indicating the amount that has been credited to the Deferred Cash Account, the investments made, the results with respect to such investments and the cumulative balance in the Deferred Cash Account. The Bank shall make investments from funds in the Deferred Cash Account as soon as is practicable after Employee submits a written selection of investment and the Board of Directors approves such selection. For purposes of crediting the annual rate of return, if applicable, the allocation of funds attributable to each fiscal year shall be credited to the Deferred Cash Account as of the first day of the succeeding fiscal year.
Timing of Allocations. Unless otherwise determined by the General Partner, Profits and Losses shall be allocated at the time(s) it is recognized for federal income tax reporting purposes.
