Change in Member’s Membership Units. If there is a change in any Member’s share of the Company’s Net Profit, Net Loss or other items during any year, allocations among the Members shall be made in accordance with their interests in the Company from time to time during such year in accordance with § 706 of the Code, using the closing-of-the-books method.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC), Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC)
Change in Member’s Membership Units. If there is a change in any Member’s 's share of the Company’s 's Net Profit, Net Loss or other items during any year, allocations among the Members shall be made in accordance with their interests in the Company from time to time during such year in accordance with § 706 of the Code, using the closing-of-the-books method.
Appears in 1 contract
Samples: Operating Agreement (Ev3 Inc.)
Change in Member’s Membership Units. If there is a change in any Member’s 's share of the Company’s 's Net Profit, Net Loss or other items during any year, allocations among the Members shall be made in accordance with their interests in the Company from time to time during such year in accordance with § Section 706 of the Code, using the closing-of-the-books method.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Colony Resorts LVH Acquisitions LLC)
