Additional Allocation Rules. Notwithstanding the foregoing, in the event any Member's Percentage Interest changes during a Fiscal Year for any reason, including without limitation, the transfer of any Units, the allocations of taxable income or loss described above shall be adjusted as necessary to reflect the varying interests of the Members during such year.
Appears in 5 contracts
Samples: Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC)
Additional Allocation Rules. Notwithstanding (a)Notwithstanding the foregoing, in the event any Member's ’s Percentage Interest in the Company changes during a Fiscal Year for any reason, including without limitation, the transfer of any Unitsinterest in the Company, the allocations of taxable income or loss described above shall be adjusted as necessary to reflect the varying interests of the Members during such year.
Appears in 1 contract
Samples: Limited Liability Company Agreement