Common use of General Allocation Provisions Clause in Contracts

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Profit or Loss shall be divided among the Members in the same proportions as they share such Profit or Loss, as the case may be, for the year. For purposes of determining the Profit, Loss or any other items for any period, Profit, Loss or any such other items shall be determined on a daily, monthly or other basis, as determined by the Managers using any permissible method under Code § 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Profit Income or Loss shall will be divided among the Members in the same proportions as they share such Profit net income or Lossnet loss, as the case may be, for the year. For purposes of determining the ProfitIncome, Loss or any other items for any period, ProfitIncome, Loss or any such other items shall will be determined on a daily, monthly or other basis, as determined by the Managers Manager using any permissible method under Code § Section 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Profit Income or Loss shall will be divided among the Members in the same proportions as they share such Profit Income or Loss, as the case may be, for the year. For purposes of determining the ProfitIncome, Loss or any other items for any period, ProfitIncome, Loss or any such other items shall will be determined on a daily, monthly or other basis, as determined by the Managers Management Committee using any permissible method under Code § 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Agreement, all items that are components of Profit Income or Loss shall be divided among the Members in the same proportions as they share such Profit Income or Loss, as the case may be, for the year. For purposes of determining the ProfitIncome, Loss or any other items for any period, ProfitIncome, Loss or any such other items shall be determined on a daily, monthly or other basis, as determined by the Managers Manager using any permissible method under Code § 706 and the Treasury Regulations thereunder.

General Allocation Provisions. Except as otherwise provided in this Operating Agreement, all items that are components of Profit Profits or Loss Losses shall be divided allocated among the Members in the same proportions as they share such Profit Profits or LossLosses, as the case may be, for the year. For purposes of determining the ProfitProfits, Loss Losses or any other items for any period, ProfitProfits, Loss Losses or any such other items shall be determined on a daily, monthly or other basis, as determined by the Managers Board of Directors using any permissible method under the Code § 706 and the Treasury Regulations thereunderRegulations.