Related Clauses

Percentage Interests
Percentage Interest
Class B Units
Member's Capital Accounts
Original Class A Percentage
Percentage in Lieu
Capital Accounts
Capital Contributions Capital Accounts
Capital Contributions Capital Account Distributions Allocations
Negative Capital Accounts

Parent Clauses

Allocations
Rules of Construction
GENERAL PROVISIONS
Allocation of Net Income and Net Loss
Other Tax Allocation Provisions
GUARANTY BY THE COMPANY
Allocation of Profits and Losses Distributions Tax and Accounting Matters
AUTHORIZED REPRESENTATIVES
Entire Agreement
No Rights as Stockholders

Sub-Clauses

Qualified Income Offset
Basis of Determination of Solvency for Distributions
Tax Distributions
Approval of Distributions of Priority Return
Limitations on Distributions
Distribution of Cash
BE Aerospace Letter
Minimum Gain Chargeback (Nonrecourse Liabilities

Change in Percentage Interests. In the event that the Members’ Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the Board, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp)

Change in Percentage Interests. In the event that the Members’ ' Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ ' varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the ~~Board~~Management Committee, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 6 contracts

Samples: Operating Agreement (Duberstein Gary K), Operating Agreement (Chiles Magellan LLC), Operating Agreement (Seacor Smit Inc)

Change in Percentage Interests. In the event that the Members’ ' Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ ' varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the Board, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains Resources Inc), Limited Liability Company Agreement (Acin LLC)

Change in Percentage Interests. In the event that the Members’ ' ------------------------------ Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ ' varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the Board, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp)

Common use of Change in Percentage Interests Clause in Contracts