Common use of Change in Percentage Interests Clause in Contracts

Change in Percentage Interests. Except as otherwise required by law, if the Percentage Interests of the Members of the Company are changed during any taxable year, all items to be allocated to the Members for such entire taxable year shall be prorated on the basis of the portion of such taxable year which precedes each such change and the portion of such taxable year on and after each such change according to the number of days in each such portion, and the items so allocated for each such portion shall be allocated to the Members in the manner in which such items are allocated as provided in Section 9.1(a) during each such portion of the taxable year in question.

Change in Percentage Interests. Except as otherwise required by law, if the Percentage Interests of the Members of the Company are changed during any taxable year, all items to be allocated to the Members for such entire taxable year shall will be prorated on the basis of the portion of such taxable year which precedes each such change and the portion of such taxable year on and after each such change according to by closing the number books of days in each the Company effective as of the close of business on the date of such portionchange, and the items so allocated for each such portion shall will be allocated to the Members in the manner in which such items are allocated as provided in Section 9.1(a7.1(a) hereof during each such portion of the taxable year in question.