Common use of Allocation Rules Clause in Contracts

Allocation Rules. (a) In the event Members are admitted to a Series pursuant to this Agreement on different dates, the Net Income (or Net Losses) allocated to the Members associated with such Series for each Fiscal Year during which such Members are so admitted shall be allocated among the Members associated with such Series in proportion to the Percentage Interest each such Member holds from time to time during such Fiscal Year in accordance with § 706 of the Code, using any convention permitted by law and selected by Members holding a Majority Interest in such Series.

Allocation Rules. (a) In the event If Members are admitted to a Series pursuant to under this Agreement on different dates, the Net Income Profits (or Net Losses) allocated to the Members associated with such Series for each Fiscal Year during which such Members are so admitted shall be allocated among the Members associated with such Series in proportion to the Percentage Interest each such Member holds from time to time during such Fiscal Year in accordance with § under §706 of the Code, using any convention permitted by law and selected by Members holding a Majority Interest in such Series.

Allocation Rules. (a) In the event Members are admitted to a Series pursuant to this Operating Agreement on different dates, the Net Income Profits (or Net Losses) allocated to the Members associated with such Series for each Fiscal Year during which such Members are so admitted shall be allocated among the Members associated with such Series in proportion to the Percentage Interest each such Member holds from time to time during such Fiscal Year in accordance with § §706 of the Code, using any convention permitted by law and selected by Members holding a Majority Interest the Manager in such Seriesits sole discretion.