Common use of Assignee’s Rights Clause in Contracts

Assignee’s Rights. (a) A Transfer of a Company Interest in accordance with this Agreement shall be effective as of the date of assignment and compliance with the conditions to such Transfer and such Transfer shall be shown on the books and records of the Company. Income, loss and other Company items shall be allocated between the transferor and the Assignee according to Code Section 706 as determined by the Board. Distributions made before the effective date of such Transfer shall be paid to the transferor, and Distributions made after such date shall be paid to the Assignee.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CarGurus, Inc.)

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Assignee’s Rights. (a) A The Transfer of a Company Interest in accordance with this Agreement shall be effective as of the date of its assignment and (assuming compliance with all of the conditions to such Transfer set forth herein), and such Transfer shall be shown on the books and records of the Company. IncomeProfits, loss Losses and other Company items shall be allocated between the transferor and the Assignee according to Code Section 706 706, using any permissible method as determined by the Board. Distributions made before the effective date of such Transfer shall be paid to the transferor, and Distributions made after such date shall be paid to the Assignee.in the

Appears in 1 contract

Samples: Operating Agreement (Wolverine Partners Corp.)

Assignee’s Rights. (aA) A Transfer permitted transfer of a Company Interest in accordance with this Agreement shall be effective as of the date of assignment and compliance with the conditions to such Transfer transfer and such Transfer transfer shall be shown on the books and records of the Company. IncomeProfits, loss Losses and other Company items shall be allocated between the transferor and the Assignee according to Code Section 706 as determined by the Board706. Distributions made before the effective date of such Transfer shall be paid to the transferor, and Distributions made after such date shall be paid to the Assignee.

Appears in 1 contract

Samples: Operating Agreement

Assignee’s Rights. (a) A Transfer permitted transfer of a Company Interest in accordance with this Agreement shall be effective as of the date of assignment and compliance with the conditions to such Transfer transfer and such Transfer transfer shall be shown on the books and records of the Company. IncomeProfits, loss Losses and other Company items shall be allocated between the transferor and the Assignee according to Code Section 706 as determined by the Board706. Distributions made before the effective date of such Transfer transfer shall be paid to the transferor, and Distributions made after such date shall be paid to the Assignee.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Alliance Laundry Holdings LLC)

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Assignee’s Rights. (a) A Transfer permitted transfer of a Company Interest in accordance with this Agreement shall be effective as of the date of assignment and compliance with the conditions to such Transfer transfer and such Transfer transfer shall be shown on the books and records of the Company. IncomeProfits, loss Losses and other Company items shall be allocated between the transferor and the Assignee according to Code Section 706 as determined by the Board706. Distributions made before the effective date of such Transfer transfer shall be paid to the transferor, and Distributions distributions made after such date shall be paid to the Assignee.

Appears in 1 contract

Samples: Liability Company Agreement (Heartland Technology Inc)

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