Common use of Sale or Exchange of Interest Clause in Contracts

Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest in the Company, the Capital Account of the transferring Member shall become the Capital Account of the assignee, to the extent it relates to the portion of the interest transferred.

Appears in 5 contracts

Samples: Operating Agreement, Operating Agreement (Grede Wisconsin Subsidiaries LLC), Operating Agreement (Jernberg Industries, LLC)

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Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest 's Membership Interests in the Company, the Capital Account of the transferring Transferring Member shall become the Capital Account of the assigneeEconomic Interest Owner, to the extent that it relates to the portion of the interest Membership Interests so transferred.

Appears in 3 contracts

Samples: Operating Agreement (Cannaisseur Group Inc.), Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest Membership Interests in the Company, the Capital Account of the transferring Transferring Member shall become the Capital Account of the assigneetransferee Financial Rights Holder, to the extent that it relates to the portion of the interest Membership Interests so transferred.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest Membership Interest in the Company, the Capital Account of the transferring Member shall become the Capital Account of the assigneetransferee, to the extent it relates to the portion of the interest transferred.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Fortress Group Inc)

Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest Unitholder's Economic Interest in the Company, the Capital Account of the transferring Member Unitholder shall become the Capital Account of the assigneeAssignee acquiring such Economic Interest, to the extent it relates to the portion of the interest Economic Interest transferred.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Premier Finance Biloxi Corp), Operating Agreement (Premier Finance Biloxi Corp)

Sale or Exchange of Interest. In the event of a permitted sale or exchange of some or all of a Member’s interest in the CompanyMembership Interest, the Capital Account capital account of the transferring Member shall become the Capital Account capital account of the assignee, to the extent it relates to the portion of the interest transferred.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Americas Power Partners Inc)

Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest in the CompanyMembership Interest, the Capital Account of the transferring such Member shall become the Capital Account capital account of the assigneeAssignee, to the extent it relates to the portion of the interest Membership Interest transferred.

Appears in 1 contract

Samples: Operating Agreement (Gear Products Inc)

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Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest 's Membership Interest in the Company, the Capital Account of the transferring Transferring Member shall become the Capital Account capital account of the assigneeAssignee, to the extent it relates to the portion of the interest Membership Interest transferred.

Appears in 1 contract

Samples: Operating Agreement (Citi TeeVee LLC)

Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member’s interest 's Membership Interests in the Company, the Capital Account of the transferring Transferring Member shall become the Capital Account of the assigneeAssignee, to the extent it relates to the portion of the interest Membership Interests transferred.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capital Growth Systems Inc /Fl/)

Sale or Exchange of Interest. In the event of a permitted sale or exchange of some or all of a Member’s 's interest in the Company, the Capital Account of the transferring Member shall become the Capital Account of the assignee, to the extent it relates to the portion of the interest transferred.

Appears in 1 contract

Samples: Joint Venture Agreement (Biolabs Inc)

Sale or Exchange of Interest. In the event of a permitted sale or exchange of some or all of a Member’s interest an Interest in the Company, the Capital Account of the transferring Member shall become the Capital Account of the assigneetransferee, to the extent it relates to the portion of the interest transferred.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

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