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.
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Samples: Operating Agreement (Environmental Safeguards Inc/Tx)
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 capital account of the Assignee, to the extent it relates to the portion of the interest Membership Interests transferred.
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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 in the CompanyPartnership Interest, the Capital Account of the transferring Member Transferring Partner shall become the Capital Account of the Assignee, to the extent it relates to the portion of the interest transferredPartnership Interest Transferred.
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Sale or Exchange of Interest. In the event of a sale or exchange of some or all of the Units of a Member's interest in the Company, the Capital Account of the transferring Transferring Member shall become the Capital Account of the Assignee, to the extent it relates to the portion of the interest transferred.
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Samples: Operating Agreement (Fibermark Office Products LLC)
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’s Membership Units, the Capital Account of the transferring Transferring Member shall become the Capital Account of the Assignee, to the extent it relates to the portion of the interest Membership Units transferred.
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