Distribution Among Members. If any Membership Interest is sold, assigned or transferred during any accounting period, all distributions on or before the date of such Transfer will be made to the transferor, and all distributions after such date will be made to the transferee.
Appears in 3 contracts
Samples: Operating Agreement (Moody National REIT I, Inc.), Operating Agreement (Moody National REIT I, Inc.), Operating Agreement (Moody National REIT I, Inc.)
Distribution Among Members. If any Membership Interest is Units are sold, assigned or transferred during any accounting period, all distributions on or before the date of such Transfer will be made to the transferor, and all distributions after such date will be made to the transferee.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Renal Care Group Inc), Limited Liability Company Agreement (Renal Care Group Inc)
