Allocation Adjustments. Notwithstanding anything to the contrary herein, the Board is authorized to allocate items of income, gain, loss and expense and to otherwise modify the distributions and allocations provisions, to reflect any admission of new Members, or distributions of property, as determined by the Board in its sole discretion.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (South Texas Supply Company, Inc.), Limited Liability Company Operating Agreement (McJunkin Red Man Holding Corp)