Succession to Capital Accounts. In the event any interest in the Partnership is Sold in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. For purposes of the immediately preceding sentence, the portion of the Capital Account to which the transferee succeeds shall be that percentage of the transferor’s total Capital Account as the Percentage Interest being transferred bears to the total Percentage Interest of the transferor, taking into account Section 9.6.
Appears in 5 contracts
Samples: www.sec.gov, Penske Automotive Group, Inc., Penske Automotive Group, Inc.
Succession to Capital Accounts. In the event any interest in the Partnership is Sold transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. For purposes of the immediately preceding sentence, the portion of the Capital Account to which the transferee succeeds shall be that percentage of the transferor’s total Capital Account as the Percentage Interest being transferred bears to the total Percentage Interest of the transferor, taking into account Section 9.6.
Appears in 4 contracts
Samples: Agreement (Beverage Packaging Holdings (Luxembourg) IV S.a r.l.), Costs and Expenses and Compensation (Graham Packaging Co Inc.), Graham Packaging Co Inc.
Succession to Capital Accounts. In the event any interest in the Partnership is Sold transferred in accordance with the terms of this AgreementAgreement and the Venture Agreement (including, without limitation, Paragraphs 3.3, 3.4, 3.5 and 12.5 thereof), the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. For purposes of the immediately preceding sentence, the portion of the Capital Account to which the transferee succeeds shall be that percentage of the transferor’s total Capital Account as the Percentage Interest being transferred bears to the total Percentage Interest of the transferor, taking into account Section 9.6.
Appears in 3 contracts
Samples: Venture Agreement (Penske Automotive Group, Inc.), Venture Agreement (Penske Automotive Group, Inc.), Penske Automotive Group, Inc.
Succession to Capital Accounts. In the event any interest in the Partnership Company is Sold in accordance with the terms of this Agreement and Article 9 of the Partnership Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. For purposes of the immediately preceding sentence, the portion of the Capital Account to which the transferee succeeds shall be that percentage of the transferor’s total Capital Account as the Percentage Interest being transferred Sold bears to the total Percentage Interest of the transferor, taking into account Section 9.6.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.), Limited Liability Company Agreement (Penske Automotive Group, Inc.)
Succession to Capital Accounts. In the event any interest in the Partnership is Sold transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. For purposes of the immediately preceding sentence, the portion of the Capital Account to which the transferee succeeds shall be that percentage of the transferor’s 's total Capital Account as the Percentage Interest being transferred bears to the total Percentage Interest of the transferor, taking into account Section 9.6.
Appears in 1 contract
Samples: Graham Packaging Holdings Co
Succession to Capital Accounts. In the event any interest in the Partnership is Sold transferred in accordance with the terms of this Agreement and the Organization Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. For purposes of the immediately preceding sentence, the portion of the Capital Account to which the transferee succeeds shall be that percentage of the transferor’s total Capital Account as the Percentage Interest being transferred bears to the total Percentage Interest of the transferor, taking into account Section 9.6.
Appears in 1 contract
Succession to Capital Accounts. In the event any interest Partnership Interest in the Partnership is Sold transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interestPartnership Interest. For purposes of the immediately preceding sentence, the portion of the Capital Account to which the transferee succeeds shall be that percentage of the transferor’s 's total Capital Account as the Percentage Partnership Interest being transferred bears to the total Percentage Partnership Interest of the transferor, taking into account Section 9.6.
Appears in 1 contract
Samples: Graham Packaging Holdings Co
