Allocation in Event of Transfer. If an Interest is Transferred, in compliance with Section 6.1, allocations of the Company's Profit and Loss may be made by any method that is selected by the Managers and that is permissible under Section 706 of the Code.
Appears in 3 contracts
Samples: Operating Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)
Allocation in Event of Transfer. If an Economic Interest is Transferred, in compliance with Section 6.16.3, allocations of the Company's ’s Profit and Loss may be made by any method that is selected by the Managers Manager and that is permissible under Section 706 of the Code.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Tesoro Sierra Properties LLC), Limited Liability Company Agreement (Tesoro Sierra Properties LLC), Limited Liability Company Agreement (Tesoro Sierra Properties LLC)
Allocation in Event of Transfer. If an Interest is Transferred, in compliance with Section 6.1, allocations of the Company's ’s Profit and Loss may be made by any method that is selected by the Managers and that is permissible under Section 706 of the Code.
Appears in 1 contract
Samples: Operating Agreement (Cinergy Corp)
