Change in Member's Interest. If there is a change in any Member's share of the Company's Net Profits, Net Losses or other items during any year, allocations among the Members shall be made in accordance with their interests in the Company from time to time during such year in accordance with
Appears in 3 contracts
Sources: Agreement and Plan of Merger (Mecklermedia Corp), Agreement and Plan of Merger (Penton Media Inc), Agreement and Plan of Merger (Penton Media Inc)
Change in Member's Interest. If there is a change in any Member's share of the Company's Net Profits, Net Losses or other items during any year, allocations among the Members shall be made in accordance with their interests Interests in the Company from time to time during such year in accordance withwith Section 706 of the Code, using the closing-of-the-books method or any other reasonable method allowable by law that is selected by the Tax Matters Partner in its reasonable discretion.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Valor Telecommunications Southwest LLC), Limited Liability Company Agreement (Valor Telecommunications Southwest LLC)