Common use of Accounting Convention Clause in Contracts

Accounting Convention. For convenience in accounting, the Company may, to the extent permitted by law, treat a transfer of an Interest, or an increase or decrease of a Member's Percentage Share, that occurs at any time during a month (commencing with the month including the date of this Agreement) as having been consummated on the first day of that month, regardless of when during that month, the transfer, increase or decrease actually occurs, or adopt such other convention as the Board of Directors may lawfully select.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Quorum Health Group Inc), Limited Liability Company Agreement (Quorum Health Group Inc)

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Accounting Convention. For convenience in accounting, the Company may, to the extent permitted by law, treat a transfer of an Interesta Membership Interest or Financial Rights, or an increase or decrease of a Member's holder of Financial Rights' Percentage ShareFinancial Interest, that occurs at any time during a month (commencing with the month including the date of this Agreement) as having been consummated on the first day of that month, regardless of when during that month, month the transfer, increase or decrease actually occurs, or adopt such other convention as the Board of Directors Members may lawfully select.. 5.7.3

Appears in 2 contracts

Samples: Operating Agreement (Dynamic Associates Inc), Operating Agreement (Dynamic Associates Inc)

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Accounting Convention. For convenience in accounting, the Company may, to the extent permitted by law, treat a transfer of an Interest, or an increase or decrease of a Member's ’s Percentage Share, that occurs at any time during a month (commencing with the month including the date of this Agreement) as having been consummated on the first day of that month, regardless of when during that month, the transfer, increase or decrease actually occurs, or adopt such other convention as the Board of Directors may lawfully select.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Longview Clinic Operations Company, LLC)

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