Common use of Change of Pro Rata Interests Clause in Contracts

Change of Pro Rata Interests. Except as provided in Sections 8.1.6 and 8.1.7 hereof or as otherwise required by law, if the proportionate 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 8.1.1 during each such portion of the taxable year in question.

Change of Pro Rata Interests. Except as provided in Sections 8.1.6 Section 7.01(f) and 8.1.7 (h) hereof or as otherwise required by law, if the proportionate interests of the Members of in 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 8.1.1 7.01(a)(i) and (b) during each such portion of the taxable year in question.

Change of Pro Rata Interests. Except as provided in Sections 8.1.6 Subsection 9.1.6 and 8.1.7 Subsection 9.1.7 hereof or as otherwise required by law, if the proportionate 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 8.1.1 section 9.1.1 during each such portion of the taxable year in question.