Allocations to Transferred Interests. If any Units in the Company are Transferred, increased or decreased during a Fiscal Year, all items of income, gain, loss, deduction and credit recognized by the Company for such Fiscal Year shall be allocated among the Members to take into account their varying interests during the Fiscal Year in any manner approved by the Managing Member, as then permitted by the Code.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Red Rock Resorts, Inc.), Limited Liability Company Agreement (Red Rock Resorts, Inc.), Limited Liability Company Agreement (Woodside Homes, Inc.)
Allocations to Transferred Interests. If any Units in the Company are Transferredtransferred, increased or decreased during a Fiscal YearYear (or other applicable period), all items of income, gain, loss, deduction and credit recognized by the Company for such Fiscal Year (or other applicable period) shall be allocated among the Members to take into account their varying interests during the Fiscal Year (or other applicable period) in any manner approved by the Managing MemberBoard, as then permitted by the Code.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Riviera Resources, Inc.)
