Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member's or Assignee's Economic Interest in the Company, the Capital Account of the transferring Member or Assignee shall become the Capital Account of the Assignee acquiring such Interest, to the extent it relates to the portion of the Economic Interest transferred.
Appears in 3 contracts
Samples: Operating Agreement (Juliana Mining Co Inc), Operating Agreement (Juliana Mining Co Inc), Operating Agreement (Juliana Mining Co Inc)
Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member's or Assignee's Economic ’s Membership Interest in the Company, the Capital Account of the transferring Transferring Member or Assignee shall will become the Capital Account capital account of the Assignee acquiring such InterestAssignee, to the extent it relates to the portion of the Economic Interest interest transferred.
Appears in 1 contract
Samples: Operating Agreement (Sentex Sensing Technology Inc)
Sale or Exchange of Interest. In the event of a sale or exchange of some or all of a Member's or Assignee's Economic Interest in the CompanyMembership Interest, the Capital Account of the transferring Member or Assignee shall become the Capital Account of the Assignee acquiring such InterestAssignee, to the extent it relates to the portion of the Economic Interest transferred.
Appears in 1 contract
Samples: Member Control and Operating Agreement (Investors Real Estate Trust)
