Common use of Timing of Allocations Clause in Contracts

Timing of Allocations. Profits, Losses and any other items of income, gain, loss or deduction shall be allocated to the Members pursuant to this Article 8 as of the last day of each Fiscal Year; provided, however, that Profits, Losses and such other items shall also be allocated at such times as the Gross Asset Values of Company Property are adjusted pursuant to subparagraph (ii) of the definition of “Gross Asset Value.”