Common use of Effect of Sale or Exchange Clause in Contracts

Effect of Sale or Exchange. In the event of a sale or other transfer of a Member’s interest in the Company, as provided in Section 10, the capital account of the transferor shall become the capital account of the transferee in proportion to the percentage of the transferor’s interest transferred.

Effect of Sale or Exchange. In the event of a permitted sale or other transfer of a Member’s interest Membership Interest in the Company, as provided in Section 10, the capital account Capital Account of the transferor shall become the capital account Capital Account of the transferee in proportion to the percentage of extent they relate to the transferor’s interest transferredtransferred Membership Interest.

Effect of Sale or Exchange. In the event of a permitted sale or other transfer exchange of a Member’s interest Membership Interest in the Company, as provided in Section 10, the capital account Capital Account of the transferor shall become the capital account Capital Account of the transferee in proportion to the percentage of extent it relates to the transferor’s interest transferredtransferred Membership Interest.

Effect of Sale or Exchange. In the event of a permitted sale or other transfer of a Member’s interest Membership Interest in the Company, as provided in Section 10, the capital account Capital Account of the transferor shall become the capital account Capital Account of the transferee in proportion to the percentage of the transferor’s interest transferred.

Effect of Sale or Exchange. In the event of a permitted sale or other transfer of a Member’s interest Membership Interest in the Company, as provided in Section 10, the capital account Capital Account of the transferor shall become the capital account Capital Account of the transferee in proportion to the percentage of the transferor’s 's interest transferred.