Common use of Status of LLC Interests Transferred Clause in Contracts

Status of LLC Interests Transferred. In the event of any transfer, assignment or conveyance (or retransfer, reassignment or reconveyance) of any LLC Interest by a Member or other Person, by the express terms of this Agreement or by operation of law, the transferee or assignee shall succeed to the same Base Percentages, distribution priorities and ownership rights as were incident to the interest so transferred, assigned or conveyed.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (LunaDNA, LLC), Limited Liability Company Agreement (SavvyShares LLC), Limited Liability Company Agreement (LunaDNA, LLC)

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