Distributions Subsequent to Transfer Sample Clauses
The "Distributions Subsequent to Transfer" clause defines how distributions, such as profits or dividends, are handled after an ownership interest or asset has been transferred from one party to another. Typically, this clause specifies whether the transferring party or the new owner is entitled to receive distributions that are declared or paid after the transfer date, and may outline procedures for allocating such payments. Its core function is to ensure clarity and prevent disputes by clearly assigning the right to future distributions following a transfer event.
Distributions Subsequent to Transfer. A Transfer of a Limited Partner’s Partnership Units shall be effective on the first day of the month following the day on which the requirements of Section 8.2 hereof are satisfied, or at such earlier time as the General Partner determines. Distributions made after the effective date of the Transfer shall be made to the assignee.
Distributions Subsequent to Transfer. A Transfer of a Member’s Units as described in this Section 10 shall be effective on the date the requirements of this Section 10 are satisfied, or at such earlier time as the Board determines. Distributions with respect to such Transferred Units made after the effective date of such Transfer shall be made to the Transferee.
Distributions Subsequent to Transfer. A Transfer of a Member’s Company Interests shall be effective on the first day on which the requirements of Section 7.1 hereof are satisfied, or at such earlier time as the Board determines. Distributions made after the effective date of the Transfer shall be made to the assignee. Notwithstanding anything to the contrary contained herein, the Company and the Board shall be entitled to treat the assignor of Company Interests or rights attributable to the Company Interests or any Member as the absolute owner thereof in all respects, and shall incur no liability for distributions made in good faith to it, until such time as a written Transfer that conforms to the requirements of this Article VII has been received by and recorded on the books of the Company.
Distributions Subsequent to Transfer. A Transfer of a Member’s Units as described in this Section 10 shall be effective on the date the requirements of this Section 10 are 25776957.3325776957.34 41 WEIL:\96757130\2\36182.0003 Case 18-10584-MFW Doc 1078-5 Filed 10/12/18 Page 47 of 90 satisfied, or at such earlier time as the Board determines. Distributions with respect to such Transferred Units made after the effective date of such Transfer shall be made to the Transferee.
Distributions Subsequent to Transfer. The transferee of, or Substitute Limited Partner for, a Limited Partnership Interest shall be entitled to receive distributions from the Partnership with respect to such Limited Partnership Interest only after the effective date of such transfer.
Distributions Subsequent to Transfer. A Transfer of a Member’s Units as described in this Article VIII shall be effective on the date the requirements of this Article VIII hereof are satisfied, or at such earlier time as the Board of Managers determines, Distributions made after the effective date of the Transfer shall be made to the transferee.