Other Allocation Rules. (a) Net Income, Net Loss, and any other items of income, gain, loss, or deduction will be allocated to the Members pursuant to this Article 5 as of the last day of each Allocation Year; provided that Net Income, Net Loss, and such other items shall also be allocated at such times as the Gross Asset Values of Property are adjusted pursuant to subparagraph (b) of the definition of “Gross Asset Value.”
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement, Limited Liability Company Agreement (Memorial Production Partners LP)
Other Allocation Rules. (a) Net Income, Net Loss, and any other items of income, gain, loss, or deduction will be allocated to the Members pursuant to this Article ARTICLE 5 as of the last day of each Allocation Year; provided that Net Income, Net Loss, and such other items shall also be allocated at such times as the Gross Asset Values of Property are adjusted pursuant to subparagraph (b) of the definition of “Gross Asset Value.”
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement (Mid-Con Energy Partners, LP)
Other Allocation Rules. (a) Net IncomeProfits, Net LossLosses, and any other items of income, gain, loss, deduction or deduction will credit shall be allocated to the Members pursuant to this Article 5 as of the last day of each Allocation Year; taxable year, provided that Net IncomeProfits, Net LossLosses, and such other items shall also be allocated at such times as the Gross Asset Values of Property Company assets are adjusted pursuant to subparagraph (b2) of the definition of “Gross Asset ValueSubsection 2.51.”
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.)
Other Allocation Rules. (a) Net Income, Net Loss, Losses and any other items of income, gain, loss, loss or deduction will shall be allocated to the Members pursuant to this Article 5 IV as of the last day of each Allocation YearPeriod; provided that Net Income, Net Loss, Losses and such other items shall also be allocated at such other times as the Gross Asset Values of Company Property are adjusted pursuant to subparagraph clause (bii) of the definition of “Gross Asset Value.”
Appears in 2 contracts
Samples: Limited Liability Company Agreement (APT Sunshine State LLC), Limited Liability Company Agreement (Resource America Inc)
Other Allocation Rules. (a) Net Income, Net Loss, and any other items of income, gain, loss, or deduction will be allocated to the Members pursuant to this Article 5 as of the last day of each Allocation Taxable Year; provided that Net Income, Net Loss, and such other items shall also be allocated at such times as the Gross Asset Values of Property are adjusted pursuant to subparagraph (b) of the definition of “Gross Asset Value.”
Appears in 2 contracts
Samples: Limited Liability Company Agreement (QR Energy, LP), Limited Liability Company Agreement (QR Energy, LP)
Other Allocation Rules. (a) Net IncomeProfits, Net Loss, Losses and any other items of income, gain, loss, loss or deduction will shall be allocated to the Members pursuant to this Article 5 Section 6.03(a) as of the last day of each Allocation Fiscal Year; provided that Net IncomeProfits, Net Loss, Losses and such other items shall also be allocated at such times as the Gross Asset Values of Property Company property are adjusted pursuant to subparagraph (b2) of the definition of “Gross Asset Value.”
Appears in 1 contract
Samples: Limited Liability Company Agreement
Other Allocation Rules. (a) Net IncomeProfits, Net LossLosses, and any other items of income, gain, loss, deduction or deduction will credit shall be allocated to the Members pursuant to this Article 5 as of the last day of each Allocation Year; taxable year, provided that Net IncomeProfits, Net LossLosses, and such other items shall also be allocated at such times as the Gross Asset Values of Property Company assets are adjusted pursuant to subparagraph (b2) of the definition of “Gross Asset ValueSubsection 2.56.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.)
Other Allocation Rules. (a) Net Income, Net Loss, and any other items of income, gain, loss, loss or deduction will be allocated to the Members pursuant to this Article 5 as of the last day of each Allocation Year; provided that Net Income, Net Loss, Loss and such other items shall also be allocated at such times as the Gross Asset Values of Property are adjusted pursuant to subparagraph (b) of the definition of “Gross Asset Value.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (Central Energy Partners Lp)
Other Allocation Rules. (a) Net Income, Net Loss, Losses and any other items of income, gain, loss, loss or deduction will shall be allocated to the Members pursuant to this Article 5 IV as of the last day of each Allocation YearPeriod; provided that Net Income, Net Loss, Losses and such other items shall also be allocated at such other times as the Gross Asset Values of Chaparral Property are adjusted pursuant to subparagraph clause (bii) of the definition of “Gross Asset Value.”
Appears in 1 contract
Samples: Limited Liability Company Agreement (El Paso Corp/De)
