Common use of Restriction on Transfer of Incentive Distribution Rights Clause in Contracts

Restriction on Transfer of Incentive Distribution Rights. The Company shall not Transfer the Incentive Distribution Rights to any party unless the Company agrees to proportionately adjust the amount of Special Member’s Percentage Interest to be issued under Section 3.04(b) upon a Special Member’s Percentage Increase Event.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Penn Virginia Resource Partners L P), Merger Agreement (Penn Virginia GP Holdings, L.P.), Limited Liability Company Agreement (Penn Virginia GP Holdings, L.P.)

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