Effect of Transfer of Membership Interest. In the event that all or a portion of any Membership Interest is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred Membership Interest.
Appears in 4 contracts
Samples: Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.), Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.), Participation and Operating Agreement (Ruby Tuesday of Bryant, Inc.)
Effect of Transfer of Membership Interest. In the event that all or a portion of any Membership Interest Unit is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor Member to the extent it such Capital Account relates to the transferred Membership InterestUnit.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Quest Resource Corp), Limited Liability Company Agreement (Quest Resource Corp)
Effect of Transfer of Membership Interest. In the event that all any Unit or a portion of any Membership Interest interest therein is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor Member to the extent it such Capital Account relates to the transferred Membership InterestUnit or interest therein.
Appears in 1 contract
Samples: Limited Liability Company Agreement (FUND.COM Inc.)
