Change in Members' Interests. In the event there is any change in the Members' respective Economic Interests during any fiscal year, Profits, Losses, Nonrecourse Deductions and other items shall be allocated among the Members in accordance with their respective Economic Interests from time to time during such fiscal year in accordance with Section 706 of the Code, using any convention permitted by law and selected by the Management Committee.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Dobson Communications Corp), Limited Liability Company Agreement (Dobson Communications Corp), Limited Liability Company Agreement (Dutchess County Cellular Telephone Co Inc)
Change in Members' Interests. In the event there is any change in the Members' respective Economic Percentage Interests during any fiscal year, Profits, Losses, Nonrecourse Deductions and other items shall be allocated among the Members in accordance with their respective Economic Percentage Interests from time to time during such fiscal year in accordance with Section 706 of the Code, using any convention permitted by law and selected by the Management CommitteeManager.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (At&t Wireless Services Inc), Limited Liability Company Agreement (At&t Wireless Services Inc)
Change in Members' Interests. In the event there is any change in the Members' respective Economic Interests during any fiscal year, Profits, Losses, Nonrecourse Deductions and other items shall be allocated among the Members in accordance with their respective Economic Interests from time to time during such fiscal year in accordance with Section 706 of the CodeCode section 706, using any convention permitted by law and selected by the Management Member Committee.
Appears in 1 contract