Common use of Allocations in General Clause in Contracts

Allocations in General. Except as otherwise provided in this Agreement, all items of Company income, gain, loss, deduction, and any other allocations not otherwise provided for shall be allocated among the Members in the same proportions as they share net profit or net loss, as the case may be, for any fiscal year. For purposes of determining the net profit, net loss or any other items allocable to any period, net profit, net loss and any such other items shall be determined on a daily, monthly, or other basis, as determined by the Members using any permissible method under Section 706 of the Internal Revenue Code of 1986, as amended (the "Code") and the regulations promulgated thereunder (the "Regulations").

Allocations in General. Except as otherwise provided in this Operating Agreement, all items of Company income, gain, loss, deduction, and any other allocations not otherwise provided for shall be allocated among the Members in the same proportions as they share net profit profits or net losslosses, as the case may be, for any fiscal year. For purposes of determining the net profitprofits, net loss losses or any other items allocable to any period, net profitprofits, net loss losses and any such other items shall be determined on a daily, monthly, or other basis, as determined by the Members using any permissible method under Section 706 of the Internal Revenue Code of 1986, as amended (the "Code") and the regulations promulgated thereunder (the "Regulations").