Other Allocations. (a) If during any taxable year of the Company there is a change in any Member’s interest in the Company, allocations of Book income or loss for such taxable year shall take into account the varying interests of the Members in the Company in a manner consistent with the requirements of Section 706 of the Code.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Other Allocations. (a) If during any taxable year of the ----------------- Company there is a change in any Member’s interest in the Company's Class A Sharing Percentage or Class B Sharing Percentage, allocations of Book income or loss for such taxable year shall take into account the varying interests of the Members in the Company in a manner consistent with the requirements of Section 706 of the Code.
Appears in 2 contracts
Samples: Members Agreement (Ebs Pension LLC), Members Agreement (Ebs Litigation LLC)
Other Allocations. (a) If during any taxable year of the Company there is a change in any Member’s interest in the Company's Class A Sharing Percentage or Class B Sharing Percentage, allocations of Book income or loss for such taxable year shall take into account the varying interests of the Members in the Company in a manner consistent with the requirements of Section 706 of the Code.
Appears in 2 contracts
Samples: Members Agreement (Ebs Building LLC), Members' Agreement (Stratosphere Corp)
Other Allocations. (ai) If during any taxable year Tax Year of the Company there is a change in any Member’s interest in the CompanyUnits, allocations of Book income or loss for such taxable year shall Tax Year will take into account the varying interests of the Members in the Company in a manner consistent with the requirements of Section 706 of the Code, using the interim closing of the books method or such other method as shall be reasonably approved by the Executive Committee.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NorthStar Asset Management Group Inc.), Unit Purchase Agreement (NorthStar Asset Management Group Inc.)
Other Allocations. (a) If during any taxable year Tax Year of the Company there is a change in any Member’s interest in the CompanyUnits, allocations of Book income or loss for such taxable year shall Tax Year will take into account the varying interests of the Members in the Company in a manner consistent with the requirements of Section 706 of the Code, using the interim closing of the books method or such other method as shall be reasonably approved by the Managing Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NorthStar Asset Management Group Inc.)
Other Allocations. (a) If during any taxable year of the Company there is a change in any Member’s interest Interest in the Company, allocations of Book income or loss for such taxable year shall take into account the varying interests Interests of the Members in the Company in a manner consistent with the requirements of Section 706 of the Code.
Appears in 1 contract
