CHANGE IN INTEREST. If during any year there is a change in the Member’s percentage interest, the Member’s share of the profits and losses and distributions in that year shall be determined under a method which takes into account the varying interest during that year.
CHANGE IN INTEREST. 4.2.1. Subject to Article VI, a change in any Member’s LLC Interest may be effected at any time pursuant to the mutual agreement of all Members.
CHANGE IN INTEREST. Upon any change in the relative interests of the Members, whether by reason of the admission of a Member or otherwise, the Members' shares of all Company items shall be determined, except as otherwise required by law, by an interim closing of the Company's books.
CHANGE IN INTEREST. If there is a change in Partners or in the respective holdings of Partnership Interests or in the respective rights or obligations appurtenant to the Partnership Interests (caused, for example, by the admission of a new Partner or by a Transfer), allocations under this Article VIII for a Taxable Year among the Persons who are or were Partners shall be made in accordance with Section 706 of the Code and, if more than one method is permitted, then in a manner determined by the General Partner.
CHANGE IN INTEREST. Margin On and after the Amendment Date (as defined in Section 4.01), Section 5(a) of the Revolving Credit Agreement shall be amended by deleting "one-half of one percent (0.5%)" in the last sentence and replacing it with "five-eighths of one percent (0.625%)".
CHANGE IN INTEREST. The paragraph titled "INTEREST:" contained in the Note is hereby deleted and the following new paragraph titled "INTEREST RATE" is substituted in lieu thereof: INTEREST RATE
CHANGE IN INTEREST. If a Transfer of an Interest occurs during any accounting period or if a Member’s Percentage Interest increases or decreases, then Profits, Losses, each item of Profits and Losses, and all similar items attributed to such Interest for such period shall be divided and allocated between the Transferor and the Transferee by taking into account their varying interests during the period in accordance with Code Section 706(d), using any conventions permitted by law and selected by the Tax Matters Partner. All distributions on or before the date of such Transfer shall be made to the Transferor, and all distributions thereafter shall be made to the Transferee. Solely for purposes of making such allocations and distributions, the Company shall recognize such Transfer not later than the end of the calendar month during which it is given notice of such Transfer, provided that if the Company does not receive a notice stating the date such Interest was transferred and such other information as the Tax Matters Partner may reasonably require within thirty (30) calendar days after the end of the accounting period during which the Transfer occurs, then all of such items shall be allocated, and all distributions shall be made, to the Person who, according to the books and records of the Company, on the last day of the accounting period during which the Transfer occurs, was the owner of the Interest. The Tax Matters Partner and the Company shall incur no liability for making allocations and distributions in accordance with the provisions of this Section 13.5.
CHANGE IN INTEREST. If there is a change in the Percentage Interests of the Partners in the Partnership during the fiscal year for which allocations of items of Profits, Losses, or Credits are made, each such item shall be assigned to the portion of the fiscal year (determined in days) to which economically attributable, determined on an accrual basis, and apportioned as if realized evenly over that portion of the fiscal year. The amounts so
CHANGE IN INTEREST. If there is a change in Unitholders or in the respective holdings of Company Units or in the respective rights or duties appurtenant to Company Units (caused, for example, by an admission of a new Unitholder), allocations under this Article 5 for a taxable year among the Persons who are or were Unitholders will be made in the manner determined to be required under the Code and, if more than one method is determined to be permitted, then by the method selected as appropriate by the Manager, taking into account both the principles of substantial fairness and convenience of administration.
CHANGE IN INTEREST. If any Member’s Interest in the Company is reduced, but not eliminated, because of the admission of new Members or otherwise, the Member’s Membership Interest in the unrealized receivables of the Company as defined in Section 751 of the Code that were owned by the Company while such Person was an Investing Member shall not be reduced, but shall be retained by the Member so long as the Member holds an Interest and so long as the Company has an interest in such unrealized receivables.
