Sale or Exchange of Units. In the event of a Transfer of some or all of a Member's Units, the Capital Account of the Transferring Member (as hereinafter defined) shall become the capital account of the Assignee, to the extent it relates to the Member's Units so Transferred. ARTICLE VI
Appears in 1 contract
Samples: Limited Liability Company Agreement (Sneaker Guarantee LLC)
Sale or Exchange of Units. In the event of a Transfer of some or all of a Member's ’s Units, the Capital Account of the Transferring transferring Member (as hereinafter defined) shall become the capital account Capital Account of the Assigneetransferee acquiring such Units, to the extent it relates to the Member's portion of the Units so Transferred. ARTICLE VI.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Majestic Holdco, LLC)
Sale or Exchange of Units. In the event of a Transfer of some or all of a Member's ’s Units, the Capital Account of the Transferring Member (as hereinafter defined) shall become the capital account of the Assignee, to the extent it relates to the Member's ’s Units so Transferred. ARTICLE VI.
Appears in 1 contract
Samples: Limited Liability Company Agreement (FanSided Inc.)
Sale or Exchange of Units. In the event of a Transfer of ------------------------- some or all of a Member's UnitsUnits in accordance with Article VIII hereof, the Capital Account of the Transferring Member (as hereinafter defined) making such Transfer shall become the capital account of the Assignee, to the extent it relates to the Member's Units so Transferred. ARTICLE VI.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Endo Pharma LLC)