Common use of Allocation Methods Clause in Contracts

Allocation Methods. Unless otherwise agreed to by the Members, the Members agree to use the "traditional method with curative allocations" pursuant to the Treasury Regulations under Code Section 704(c)(1)(A). Any other elections or other decisions relating to allocations pursuant to Sections 6.1 or 6.2 of this Exhibit B will be made by the Manager in any manner that reasonably reflects the purpose and intention of this Agreement.

Appears in 3 contracts

Sources: Operating Agreement, Operating Agreement, Operating Agreement