Common use of Change in Members' Interests Clause in Contracts

Change in Members' Interests. In the event of a transfer of a Membership Interest or a change in a Member's Ownership Percentage during any Fiscal Year, allocations among the Members shall be made in accordance with their Ownership Percentages from time to time during such Fiscal Year in accordance with Code Section 706, using the methodology determined by the Management Committee, except that Depreciation shall be deemed to accrue ratably on a daily basis over the entire Fiscal Year during which the corresponding asset is owned by the Company if such asset is placed in service prior to or during the Fiscal Year.

Appears in 2 contracts

Samples: LLC Agreement (MSW Energy Hudson LLC), LLC Agreement (Uae Ref Fuel Ii Corp)

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Change in Members' Interests. In the event of a transfer of a Membership Interest or If there is a change in a any Member's Ownership ’s Percentage Interest during any Fiscal Year, allocations among the Members shall be made in accordance with their Ownership Percentages Percentage Interests from time to time during such Fiscal Year in accordance with Code Section 706, using the methodology determined by the Management Committeeclosing-of-the-books method, except that Depreciation shall be deemed to accrue ratably on a daily basis over the entire Fiscal Year during which the corresponding asset is owned by the Company if such asset is placed in service prior to or during the Fiscal YearCompany.

Appears in 1 contract

Samples: Company Operating Agreement (Medianews Group Inc)

Change in Members' Interests. In the event of a transfer of a Membership Interest or a change in a Member's Ownership Percentage during any Fiscal Year, allocations among the Members shall be made in accordance with their Ownership Percentages from time to time during such Fiscal Year in accordance with Code Section 706, using the methodology determined by the Management Committee, except that Depreciation shall be deemed to accrue ratably on a daily basis over the entire Fiscal Year during which the corresponding asset is owned by the Company if such asset is placed in service prior to or during the Fiscal YearBoard of Directors.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MSW Energy Hudson LLC)

Change in Members' Interests. In the event of a transfer of a Membership Interest or a change in a Member's Ownership Percentage during any Fiscal Year, allocations among the Members shall be made in accordance with their Ownership Percentages from time to time during such Fiscal Year in accordance with Code Section 706, using the methodology determined by the Management CommitteeBoard of Directors, except that Depreciation shall be deemed to accrue ratably on a daily basis over the entire Fiscal Year during which the corresponding asset is owned by the Company if such asset is placed in service prior to or during the Fiscal Year.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Uae Ref Fuel Ii Corp)

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Change in Members' Interests. In the event of a transfer of a Membership Interest or If there is a change in a any Member's Ownership Percentage ’s share of the Profits, Losses or other items of the Company during any Fiscal Year, allocations among the Members shall be made in accordance with their Ownership Percentages interests in the Company from time to time during such Fiscal Year in accordance with Code Section 706, using the methodology determined by the Management Committeeclosing-of-the-books method, except that Depreciation shall be deemed to accrue ratably on a daily basis over the entire Fiscal Year during which the corresponding asset is owned by the Company if such asset is placed in service prior to or during the Fiscal YearCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NRG Retail LLC)

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