Common use of Rights of Transferee Clause in Contracts

Rights of Transferee. Except as otherwise set forth in Section 8.5, unless admitted to the Company in accordance with Section 8.3, the transferee of that Membership Interest or a part thereof shall not be entitled to any of the rights, powers or privileges of its predecessor in interest, except such transferee shall be entitled to receive and be credited or debited with its proportionate share of Profits, Losses, Distributions of Available Cash, and Distributions in liquidation.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Rights of Transferee. Except as otherwise set forth in Section 8.5, unless Unless admitted to the Company in accordance with Section 8.37.7(c), the transferee of that a Membership Interest or a part thereof shall not be entitled to any of the rights, powers powers, or privileges of its predecessor in interest, except such transferee that it shall be entitled to receive and receive, or to have its Capital Account be credited or debited with with, as applicable, its proportionate share of Profits, Losses, Distributions of Available Cash, and Distributions in liquidationDistributions.

Appears in 1 contract

Samples: Operating Agreement

Rights of Transferee. Except Unless admitted as otherwise set forth in Section 8.5, unless admitted to a Member of the Company in accordance with Section 8.38.2.6, the transferee of that a Membership Interest or a part thereof shall not be entitled to any of the rights, powers or privileges of its predecessor in interest, except that such transferee shall be entitled to receive and be credited or debited with its proportionate share of Profits, Losses, the Company's Distributions of Available Cash, and Distributions in liquidationtax allocations.

Appears in 1 contract

Samples: Operating Agreement (TMS Inc /Ok/)

Rights of Transferee. Except as otherwise set forth in Section 8.5with respect to Permitted Transfers, unless admitted to the Company as a substituted Member in accordance with Section 8.38.4, the transferee of that a Membership Interest or a part thereof shall be deemed an assignee not be entitled to any of the rights, powers or privileges of its predecessor in interest, except such transferee shall be entitled to receive and be credited or debited with its proportionate share the rights of Profits, Losses, Distributions of Available Cash, and Distributions an Economic Interest holder set forth in liquidationthis Agreement.

Appears in 1 contract

Samples: Operating Agreement (Bespoke Capital Acquisition Corp)

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Rights of Transferee. Except as otherwise set forth in Section 8.5, unless Unless admitted to the Company in accordance with Section 8.38.2, the transferee of that Membership Interest or a part thereof Transferee shall not be entitled to any of the rights, powers or privileges of its predecessor in interest, except such transferee that it shall be entitled to receive and be credited or debited with its proportionate share of Profits, Losses, Distributions of Available CashGains from Capital Transactions, Sales Proceeds, Refinancing Proceeds and Distributions in liquidationliquidation (as adjusted for the Capital Account).

Appears in 1 contract

Samples: Operating Agreement (American Noble Gas, Inc.)

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