Effect on Distributions Sample Clauses
Effect on Distributions. Any Member or Holder who Transfers any Units in a Transfer permitted pursuant to this Article 9 in which the transferee was admitted as a new Member will cease to be a Member with respect to the Units so transferred. All Distributions with respect to which the Distribution Date is before the date of a Transfer in accordance with this Article 9 will be made to the transferor Member or Holder, and all Distributions with respect to which the Distribution Date is after the date of such Transfer will be made to the transferee Member or Holder.
Effect on Distributions. Any Member or Holder who Transfers all of its Units in a Transfer permitted pursuant to this Article 8 will cease to be a member of the Company. All Distributions with respect to which the Distribution Date is before the date of a Transfer in accordance with this Article 8 will be made to the transferor Member or Holder, and all Distributions with respect to which the Distribution Date is after the date of such Transfer will be made to the substitute Member or Holder.
Effect on Distributions. If any Reduction Event results in a change in Fractional Undivided Interests of any Applicable Certificates, the Trustee shall, in connection with any distributions by the Trustee to the Certificateholders of interest relating both to the period prior to such change in Fractional Undivided Interests and the period from and after such change, allocate applicable distributions taking into account the Fractional Undivided Interests in effect (and interest accruing) on each day during such period.