Status of Transferee. A transferee of a Unit of Membership Interest shall be entitled to receive that share of Profits, Losses and Distributions, and the return of any Capital Contribution to which the transferor would otherwise be entitled with respect to the interest transferred, and shall have the rights of the transferring Member of the Company under the Act or this Agreement. The Company shall also, if the transferee and transferor jointly advise the Company in writing of a transfer of the Unit of Membership Interest, furnish the transferee with pertinent tax information at the end of each Fiscal Year.
Status of Transferee. No Transferee shall be entitled to receive any greater payment under Section 8.3 than the transferor Bank would have been entitled to receive with respect to the rights transferred, unless such transfer is made with the Borrower's prior written consent or by reason of the provisions of Section 8.2 or 8.3 requiring such Bank to designate a different Lending Office under certain circumstances or at a time when the circumstances giving rise to such greater payment did not exist.
Status of Transferee. 14 11.5 DISSOLUTION OR BANKRUPTCY OF THE MEMBER........................................................14
Status of Transferee. A transferee of all or part of a Member’s Membership Interest who is not admitted as a substitute Member shall be entitled only to receive those distributions, and the return of Capital Contributions, to which the transferor would otherwise be entitled with respect to the Membership Interest transferred, but shall not have the rights of a Member of the Company under the Act or this Agreement, including, without limitation, and to the fullest extent permitted by the Act, the right to obtain any information on account of the Company’s transactions, to inspect the Company’s books or to vote with the Members on, or to grant or withhold consents or approvals of, any matter.
Status of Transferee. A transferee of all or part of a Membership Interest who is not a Substitute Member shall be entitled only to receive that share of profits, losses and Distributions, and the return of Capital Contribution, to which the transferor would otherwise be entitled with respect to the Membership Interest transferred, and shall not have the rights of a Member of the Company under the Act or this Agreement including without limitation the right to obtain any information on account of the Company's transactions, to inspect the Company's books or to vote with the Members on, or to grant or withhold consents or approvals of, any matter. The Company shall, however, if a transferee and transferor jointly advise the Company in writing of a transfer of all or part of a Membership Interest, furnish the transferee with pertinent tax information at the end of each fiscal year.
Status of Transferee. A transferee who has not been admitted to the Company as a Member, shall have only the right to receive the share of Profits, Losses, cash distributions, Capital Account, and Liquidation Proceeds attributable to the transferred Membership Interests, but shall not have the right to vote on any matter, bind the Company to any agreement, participate in management, review the Company’s books and records, or have any other right.
Status of Transferee. 14 11.5 Dissolution or Bankruptcy of the Member........................................................14
Status of Transferee. A transferee of a Unit who is not a Substitute Member shall be entitled only to receive that share of Profits, Losses and distributions, and the return of Capital Contributions, to which the transferor would otherwise be entitled with respect to the interest transferred, and shall not have the rights of a Member of the Company under the Act or this Agreement including, without limitation, the right to obtain any information on account of the Company's transactions, to inspect the Company's books or to vote with the Members on, or to grant or withhold consents or approvals of, any matter. The Company shall, however, if a transferee and transferor jointly advise the Company in writing of a transfer of a Unit, furnish the transferee with pertinent tax information at the end of each Fiscal Year.
Status of Transferee. No Transferee of a Member's Share Interests who has not been admitted as a Member in accordance with this ARTICLE SEVEN shall have any right to vote the Transferred Share Interests or any right or authority to interfere in the management or administration of the Company's business or affairs, or to require any information or account of Company transactions, or to inspect the Company's books, or to act for or bind the Company, or to otherwise have any rights of a Member; provided, however, that such Transferee shall have the right to receive to the extent Transferred such Member's interest in and right to the Company's profits, losses, capital, and distributions as set out in this Agreement.
Status of Transferee. Transferee shall hold the status of Caxton-Iseman subject to all the terms, conditions and limitations ox Xxxxxx-Xxxxan under the Stockholders' Agreement and the shares held xx Xxxxxxxxxx will be deemed to be shares held by a Sponsor.
