Change in Interests. If during any year there is a change in a Member's percentage interest, the Member's share of profits and losses and distributions in that year shall be determined under a method which takes into account the varying interests during the year.
Appears in 28 contracts
Samples: Operating Agreement, Sample LLC Operating Agreement, LLC Sample Operating Agreement
Change in Interests. If during any year there is a change in a Member's ’s percentage interest, the Member's ’s share of profits and losses and distributions in that year shall be determined under a method which takes into account the varying interests during the year.
Appears in 1 contract
Samples: Operating Agreement
