Transfers During Year. In order to avoid an interim closing of the Company’s books, the allocation of Net Income and Net Losses under this Article 6 between a Member who Transfers part or all of its Interest in the Company during the Company’s Fiscal Year and such Member’s transferee, or to a Member whose Percentage Interest varies during the course of the Company’s Fiscal Year, may be determined pursuant to any method chosen by the Manager.
Transfers During Year. In order to avoid an interim closing of the Company's books, the share of profits and losses under Article 5 of a Member who transfers part or all of its interest in the Company during the Company's accounting year may be determined by taking its pro rata share of the amount of such profits and losses for the year. The proration shall be based on the portion of the Company's accounting year that has elapsed prior to the transfer or may be determined under any other reasonable method; provided, however, that any gain or loss from the sale of Company assets shall be allocated to the owner of the Company interest at the time of such sale. The balance of the profits and losses attributable to the Company interest transferred shall be allocated to the transferee of such interest.
Transfers During Year. The allocation of Profits and Losses under Article VIII between a Member who Transfers part or all of its interest in the Company during the Company’s accounting year and his transferee, or to a Member whose Sharing Ratio varies during the course of the Company’s accounting year, shall be based on an interim closing of the Company’s books pursuant to Treasury Regulation § 1.706-1(c) to the extent consistent with the Code.
Transfers During Year. In order to avoid an interim closing of the Company's books, the allocation of Profits and Losses under Article IX between a Member who transfers part or all of its interest in the Company during the Company's accounting year and his transferee may be determined pursuant to any method chosen by the transferring Member and agreed to by the TMP, which agreement will not be unreasonably withheld; provided, however, that any Net Capital Income or Loss shall be allocated to the owner of the interest in the Company at the time such Net Capital Income or Loss was realized.
Transfers During Year. The share of Profits and Losses under Article 5 of a Member who transferred part or all of its interest in the profit or loss and capital of the Company during the calendar year shall be determined on the "interim closing of the books" in accordance with applicable Federal tax principles as set forth in Section 706 of the Code and the Treasury Regulations thereunder on the basis of the number of days the transferor and transferee was a Member 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. The proration shall be based on the portion of the calendar year that has elapsed prior to the transfer. The balance of the Profits and Losses attributable to the transferred interest shall be allocated to the transferee of such interest.
Transfers During Year. 56 12.4 Reports....................................................56 12.5
Transfers During Year. In the event that a Member transfers part or all of such Member's interest in the Company in accordance with the provisions of Article VII during the calendar year, Net Profits, Net Losses and all other items between the transferor and transferee shall be allocated on a pro rata basis, using the relative portion of the Company's fiscal year ending on the date of the transfer and the portion of the fiscal year following the date of transfer.
Transfers During Year. To avoid an interim closing of the Company's books, the share of profits and losses under Article VII of a Member who transferred part or all of his interest in the Company during the calendar year shall be determined by taking his proportionate share of the amount of the profits and losses for the year. The Manager shall make the proration based on the portion of the calendar year that has elapsed prior to the transfer. The Manager shall allocate the balance of the profits and losses attributable to the transferee of such interest.
Transfers During Year. In order to avoid an interim closing of the Company's books, the shares of Net Income and Loss under Article V of a Member who transfers part or all of his interest in the Company during the Company's accounting year may (in the discretion of the Managers) be determined by taking its pro rata share of the amount of such profits and losses for the year. The proration shall be made by the Company as of the end of the month of the transfer or may be determined under any other reasonable method.
Transfers During Year. To avoid an interim closing of the Company’s books, the share of profits and losses under Article 4 of a Member who transferred part or all of his, her, or its Units during the calendar year shall be determined by taking the monthly average of the Member’s Units in the Company to determine the Member’s proportionate share of the amount of the Company’s profits and losses for the year.
