Common use of Effective Date of Assignment Clause in Contracts

Effective Date of Assignment. The Company shall maintain books for the purpose of registering the transfer of Interests. Any valid assignment of an Interest Holder’s Interests, or part thereof, pursuant to the provisions of Section 15.1 hereof shall be effective when the transfer of the Interests is registered upon books maintained for that purpose by or on behalf of the Company. The Company shall, from the effective date of such assignment, thereafter pay all further distribu­tions on account of the Interests (or part thereof) so assigned, to the assignee of such interest(s), or part thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entergy Texas, Inc.)

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Effective Date of Assignment. The Company shall maintain books for the purpose of registering the transfer of Interests. Any valid assignment of an Interest Holder’s 's Interests, or part thereof, pursuant to the provisions of Section 15.1 hereof shall be effective when the transfer of the Interests is registered upon books maintained for that purpose by or on behalf of the Company. The Company shall, from the effective date of such assignment, thereafter pay all further distribu­tions distributions on account of the Interests (or part thereof) so assigned, to the assignee of such interest(s), or part thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entergy Gulf States Louisiana, LLC)

Effective Date of Assignment. The Company shall maintain books for the purpose of registering the transfer of Interests. Any valid assignment of an Interest Holder’s Interests, or part thereof, pursuant to the provisions of Section 15.1 hereof shall be effective when the transfer of the Interests is registered upon books maintained for that purpose by or on behalf of the Company. The Company shall, from the effective date of such assignment, thereafter pay all further distribu­tions distributions on account of the Interests (or part thereof) so assigned, to the assignee of such interest(s), or part thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entergy Gulf States Louisiana, LLC)

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Effective Date of Assignment. The Company shall maintain books for the purpose of registering the transfer of Interests. Any valid assignment of an Interest Holder’s Interests, or part thereof, pursuant to the provisions of Section 15.1 hereof shall be effective when the transfer of the Interests is registered upon books maintained for that purpose by or on behalf of the Company. The Company shall, from the effective date of such assignment, thereafter pay all further distribu­tions distribu-tions on account of the Interests (or part thereof) so assigned, to the assignee of such interest(s), or part thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entergy Arkansas Inc)

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