Common use of Timing of Allocations Clause in Contracts

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. 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 Fiscal Year of the LLC Company as of the end of such fiscal yearFiscal Year; provided, however, that if the Carrying Value of the assets of the LLC Company 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. Allocations of Net Profits, Net Losses and other similar items of income, gain, loss and deduction pursuant to provided for in this Article V ARTICLE IV shall generally be made for each fiscal year of the LLC as of the end of such fiscal yearthe Fiscal Year of the Company; provided, however, that if the Carrying Value Gross Asset Values of the assets of the LLC Company are adjusted in accordance with clause (ii) of the definition of “Carrying Gross Asset Value,” the date of such adjustment shall be considered to be the end of a fiscal year Fiscal Year for purposes of computing and allocating such Net Profits, Net Losses and other items of income, gain, loss and deduction.