Common use of Transfer of Percentage Interests Clause in Contracts

Transfer of Percentage Interests. If a Member transfers all or any portion of the Member's Percentage Interest pursuant to this Agreement during any Fiscal Period, the Profits (or Losses) allocated to the Members for each such Fiscal Period shall be allocated among the Members in proportion to their respective Percentage Interests from time to time during the Fiscal Period, in accordance with section 706 of the Code, using any convention permitted by law and selected by the Managing Member.

Transfer of Percentage Interests. If a Member transfers all or any portion of the Member's ’s Percentage Interest pursuant to this Agreement during any Fiscal Period, the Profits (or Losses) allocated to the Members for each such Fiscal Period shall be allocated among the Members in proportion to their respective Percentage Interests from time to time during the Fiscal Period, in accordance with section 706 of the Code, using any convention permitted by law and selected by the Managing Member.