Transfers During The Taxable Year. All items of income, gain, loss and deductions allocable pursuant to Article 4 hereof for a Fiscal Year with respect to any Interest which may have been transferred (if permitted pursuant to the terms hereof) during such year shall be allocable between the transferor and transferee using any reasonable method determined by the General Partner; provided, that in all events that the method utilized shall be permitted under the Code and the applicable regulations promulgated under the Code.
Transfers During The Taxable Year. All items of income, gain, loss and deductions allocable pursuant to ARTICLE X hereof for a Fiscal Year with respect to any Membership Interest which may have been transferred (if permitted pursuant to the terms hereof) during such year shall be allocable between the transferor and transferee using any reasonable method determined by the Managing Member; provided, that in all events that the method utilized shall be permitted under the Code and the applicable regulations promulgated under the Code.
