Changes in Members’ Interests. If during any Fiscal Year or other accounting period of the Company there is a change in any Member’s interest in the Company, the Board shall allocate Profits or Losses to the Members in the Company in a manner that complies with the provisions of Section 706 of the Code.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (INVO Bioscience, Inc.), Limited Liability Company Agreement (INVO Bioscience, Inc.), License Agreement (Viamet Pharmaceuticals Holdings LLC)
Changes in Members’ Interests. If during any Fiscal Year fiscal year or other accounting period of the Company there is a change in any Member’s interest in the Company, the Board Manager shall allocate Profits Net Income or Losses Net Loss to the Members in the Company in a manner that complies with the provisions of Code Section 706 of and the CodeRegulations thereunder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Blockchain Industries, Inc.), Limited Liability Company Agreement (Blockchain Industries, Inc.)
Changes in Members’ Interests. If during any Fiscal Year fiscal year or ----------------------------- other accounting period of the Company there is a change in any Member’s 's interest in the Company, the Board of Managers shall allocate Profits Profit or Losses Loss to the Members in the Company in a manner that complies with the provisions of Section 706 of the CodeCode and the Regulations thereunder.
Appears in 1 contract
Changes in Members’ Interests. If during any Fiscal Year fiscal year or other accounting period of the Company there is a change in any Member’s interest in the Company, the Board of Managers shall allocate Profits Net Income or Losses Net Loss to the Members in the Company in a manner that complies with the provisions of Code Section 706 of and the CodeRegulations thereunder.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Solid Biosciences, LLC)
