Section 706(d) Clause Samples
Section 706(d). In the event of any changes in Membership Interests during a fiscal year, then for purposes of this Article 6, the Board shall take into account the requirements of Section 706(d) of the Code and shall have the right to select any method of determining the varying interests of the Persons owning Membership Interests of the Persons owning Membership Interests having Financial Rights during the year which satisfies Section 706(d) of the Code.
Section 706(d). In the event of any changes in Percentage Interests in the Company during a fiscal year, then for purposes of this Article 5, the Board shall take into account the requirements of Section 706(d) of the Code and may select any method of determining the varying Percentage Interest of the Member during the year which satisfies Section 706(d) of the Code.
Section 706(d). Section 7.06(d) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: