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.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii)
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 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.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii)
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.Fiscal
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii)
