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.
Appears in 3 contracts
Sources: Member Control Agreement, Member Control Agreement, Member Control Agreement (Red Trail Energy, LLC)