Changes in Percentage Interests. If a Partner's Percentage Interest changes during any fiscal year, the allocations to be made pursuant to this Agreement shall be made in accordance with Section 706 of the Code, using any convention permitted by Section 706 of the Code and the Regulations promulgated thereunder and selected by the General Partner so as to equitably effectuate the allocations of this Article IV.
Changes in Percentage Interests. Upon any change in the relative Percentage Interests, whether by reason of the admission or withdrawal of a Member, a Transfer or otherwise, the Members' shares of Net Profit, Net Loss and all other Company items shall be determined by taking into account their varying Percentage Interests using any permissible method under Code Section 706 and the Regulations, as determined by the Manager.
Changes in Percentage Interests. A Member’s Percentage Interest shall be changed as follows:
Changes in Percentage Interests. If the Members’ Percentage Interests change during any taxable year of the Company, the distributive share of items of Profit or Loss of each Member shall be determined in any manner (i) permitted by Section 706 of the Code, and (ii) unanimously agreed by the Members. If the Members cannot agree on a method, items of Profit and Loss shall be allocated in accordance with the interim closing-of-the-books method.
Changes in Percentage Interests. If either Member's Percentage Interest changes during any taxable year of the Company in accordance with Section 5.1(d) and Section 5.1(e) hereof, then for that taxable year the Company will effect a deemed closing of the books as of the date of such change, and the Profits and Losses of the Company (and all items of income, gain, loss, deduction or credit for federal income tax purposes) for the period in such year ending on and including such date (the "pre-change period") shall be allocated among the Members in proportion to their respective Percentage Interest (as may be required by Section 6.2 hereof) as of the first day of such pre-change period, and each Member's share of Profits and Losses (and all items of income, gain, loss, deduction or credit for federal income tax purposes) for the period following such date of change (the "post-change period") shall be allocated among the Members in proportion to their respective Percentage Interest (as may be required by Section 6.2 hereof) as of the first date of such post-change period.
Changes in Percentage Interests. A Shareholder’s Percentage Interest will be changed as follows:
Changes in Percentage Interests. If any Member's Percentage Interest changes during any taxable year of the Company in accordance with Section 5.1(e) hereof, then for that taxable year the Company will effect a deemed closing of the books as of the date of such change, and the Profits and Losses of the Company (and all items of income, gain, loss, deduction or credit for federal income tax purposes) for the period in such year ending on and including such date (the "pre-change period") shall be allocated among the Members in proportion to their Percentage Interests as of the first day of such pre-change period, and each Member's share of Profits and Losses (and all items of income, gain, loss, deduction or credit for federal income tax purposes) for the period following such date of change (the "post-change period") shall be allocated among the Members in proportion to their Percentage Interests as of the first date of such post-change period.
Changes in Percentage Interests. If a Member’s Percentage Interest changes at any time during a Fiscal Year, then, for purposes of making the allocations required under this Article 8, the Percentage Interests of the relevant Members will be adjusted in accordance with Code section 706 using any reasonable convention determined by the Managers.
Changes in Percentage Interests. In the event of the admission of a Substituted Partner or the assignment of any Partnership Interest in any Fiscal Year, Profits and Losses for the applicable Fiscal Year shall be allocated among the Partners to reflect their varying interests during the Fiscal Year. For purposes of computing the varying interests of each Partner, the Partnership shall make an interim closing of its books as of the effective date of the admission of the Partner or the transfer of the Partnership Interest and compute the items of Profits and Losses applicable to the period of time before and after that date using the accrual method of accounting.
Changes in Percentage Interests. Notwithstanding the foregoing, to the extent that any Member’s Percentage Interest or the number of Common Units or Preferred Units held by such Member changes during a fiscal year for any reason, the allocation of taxable income or loss under this Article 9 shall be appropriately adjusted to reflect the varying interests of the Members during such year using an interim closing of the books method as of the date of such change or such other reasonable methods as are approved by the Manager.
