Common use of Varying Interests Clause in Contracts

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership Percentage, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by a Majority Interest to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ varying Ownership Percentages.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership Sharing Percentage, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by a Majority Interest the Class A Members in their sole discretion to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ varying Ownership Sharing Percentages.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day Day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership Sharing Percentage, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any reasonable method determined by a Majority Interest the Class A Members in their sole discretion to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ varying Ownership Sharing Percentages.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership PercentagePercentage Interest, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by a Majority Interest to be permissible the Tax Matters Member using an interim closing of the books under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ varying Ownership PercentagesPercentage Interests.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership PercentageUnits, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any using the closing of the books method determined by a Majority Interest to be permissible under Code described in Section 706 of the Code and the related Treasury Regulations to take account of the Economic Members’ varying Ownership Percentagesnumber of Units.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s 's Ownership Percentage, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by a Majority Interest the Board to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ ' varying Ownership Percentages.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership Percentage's Sharing Ratio, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by a Majority Interest the Members in their sole discretion to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ ' varying Ownership PercentagesSharing Ratios.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership PercentageUnits, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by a Majority Interest the Board of Managers to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ varying Ownership Percentagesnumber of Units.

Varying Interests. All items of income, gain, loss, deduction or credit shall be allocated, and all distributions shall be made, to the Persons shown on the records of the Company to have been Economic Members as of the last calendar day Day of the period for which the allocation or distribution is to be made. Notwithstanding the foregoing, if during any taxable year there is a change in any Economic Member’s Ownership Sharing Percentage, the Economic Members agree that their allocable shares of such items for the taxable year shall be determined on any method determined by a Majority Interest the Class A Members in their sole discretion to be permissible under Code Section 706 and the related Treasury Regulations to take account of the Economic Members’ varying Ownership Sharing Percentages.