Common use of Changes in Interest Clause in Contracts

Changes in Interest. If an addition, withdrawal or substitution of, or any other change in the interest of, any Member occurs during the period covered by an allocation, then, subject to any agreement between the persons affected, Profits and Losses for the period shall be allocated among those interests consistent with code Section 706(d). If Code Section 706(d) allows alternative methods of allocation, the manager shall determine, in its sole discretion, which alternative method to use in allocating Profits and Losses.