Related Clauses

Percentage Interests
Percentage Interest
Capital Contributions; Percentage Interest
Class B Units
Original Class A Percentage
Capital Accounts
Capital Contributions Capital Accounts
Classes of Partnership Units
Capital Contributions Capital Account Distributions Allocations
Negative Capital Accounts

Parent Clauses

Allocations
GENERAL PROVISIONS
Rules of Construction
Allocation of Net Income and Net Loss
DEFINITIONS
Other Tax Allocation Provisions
GUARANTY BY THE COMPANY
DEFINED TERMS
Net Income
Allocation of Profits and Losses Distributions Tax and Accounting Matters

Sub-Clauses

Qualified Income Offset
BE Aerospace Letter
Approval of Distributions of Priority Return
Distribution of Cash
Tax Distributions
Limitations on Distributions
Basis of Determination of Solvency for Distributions
Minimum Gain Chargeback (Nonrecourse Liabilities

Change in Percentage Interests. In the event that the Members’ Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the Board, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Natural Resource Partners Lp)

Change in Percentage Interests. In the event that the Members’ ' Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ ' varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the ~~Board~~Management Committee, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 6 contracts

Samples: Operating Agreement (Greenmarine Acquisition Corp), Operating Agreement (Chiles Magellan LLC), Operating Agreement (Seacor Smit Inc)

Change in Percentage Interests. In the event that the Members’ ' Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ ' varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the Board, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Plains Resources Inc)

Change in Percentage Interests. In the event that the Members’ ' ------------------------------ Percentage Interests change during a Taxable Year, Profits and Losses shall be allocated taking into account the Members’ ' varying Percentage Interests for such Taxable Year, determined on a daily, monthly or other basis as determined by the Board, using any permissible method under Code Section 706 and the Regulations thereunder.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp)

Common use of Change in Percentage Interests Clause in Contracts