Allocation Rules. (i) If Members are admitted to the Company pursuant to this Agreement on different dates, the Profits or Losses allocated to the Unit Holders for each Fiscal Year during which Members are so admitted shall be allocated among the Unit Holders in proportion to the number of Units each holds from time to time during such Fiscal Year in accordance with ss.706 of the Code, using any convention permitted by law and selected by the Treasurer, unless another allocation is authorized by the Board.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
Allocation Rules. (ia) If In the event Members are admitted to the Company pursuant to this Agreement on different dates, the Profits (or Losses Losses) allocated to the Unit Holders Members for each Fiscal Year during which Members are so admitted shall be allocated among the Unit Holders Members in proportion to the number of Units each holds from time to time their Percentage Interests during such Fiscal Year in accordance with ss.706 of the Code, using any convention permitted by law and selected by the Treasurer, unless another allocation is authorized by the BoardManagement Committee.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Divot Golf Corp)
Allocation Rules. (i) If Members are admitted to the Company pursuant to this Agreement on different dates, the Profits or Losses allocated to the Unit Holders for each Fiscal Year during which Members are so admitted shall be allocated among the Unit Holders in proportion to the number of Units each holds from time to time during such Fiscal Year in accordance with ss.706 ss. 706 of the Code, using any convention permitted by law and selected by the Treasurer, unless another allocation is authorized by the Board.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
Allocation Rules. (i) If In the event Members are admitted to the Company pursuant to this Agreement on different dates, the Profits (or Losses Losses) allocated to the Unit Holders for each Fiscal Year during which Members are so admitted shall be allocated among the Unit Holders in proportion to the number of Units each holds from time to time during such Fiscal Year in accordance with ss.706 §706 of the Code, using any convention permitted by law and selected by the Treasurer, unless another allocation is authorized by the BoardManager.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (VCI Electronic Coupons, Inc.)
Allocation Rules. (i55) If In the event Members are admitted to the Company pursuant to this Agreement on different dates, the Profits (or Losses Losses) allocated to the Unit Holders for each Fiscal Year during which Members are so admitted shall be allocated among the Unit Holders in proportion to the number of Units each holds from time to time during such Fiscal Year in accordance with ss.706 of the Code, using any convention permitted by law and selected by the Treasurer, unless another allocation is authorized by the BoardManagers.
Appears in 1 contract
Samples: Ects a Scenic Technology Co Inc
Allocation Rules. (ia) If In the event Members are admitted to the Company pursuant to this Agreement on different dates, the Profits (or Losses Losses) allocated to the Unit Holders Members for each Fiscal Year during which Members are so admitted shall be allocated among the Unit Holders Members in proportion to the number of Units each holds from time to time Percentage Interests during such Fiscal Year in accordance with ss.706 -section- 706 of the Code, using any convention permitted by law and selected by the Treasurer, unless another allocation is authorized by the BoardBoard of Managers.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Northstar Capital Investment Corp /Md/)
