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.
Appears in 11 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
CHANGE IN INTEREST. If during any year there is a change in the a Member’s percentage interest, the Member’s share of the profits profits, and in losses and distributions in that year year, shall be determined under by a proportional method which that takes into account the varying percentage interest during that year.
Appears in 7 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
CHANGE IN INTEREST. If IF during any year there is a change in the a 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.
Appears in 6 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
CHANGE IN INTEREST. If 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.
Appears in 2 contracts
Samples: Operating Agreement, Limited Liability Company Operating Agreement
