Common use of Allocations Subsequent to Assignment Clause in Contracts

Allocations Subsequent to Assignment. To the extent permitted by the Code, Profits or Losses and other items attributable to a Partnership Unit acquired by reason of an assignment from a Partner shall be allocated or adjusted between the assignor or the assignee based upon an interim closing of the Partnership’s books.

Allocations Subsequent to Assignment. To the extent permitted by the Code, Profits or Losses and other items attributable to a Partnership Unit Membership Interest acquired by reason of an assignment from a Partner Member shall be allocated or adjusted between the assignor or the assignee based upon an interim closing of the Partnership’s booksCompany's books at assignor's sole expense.