Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.4, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII in respect of such Units.
Appears in 9 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII in respect of such Units.
Appears in 5 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Good Hemp, Inc.), Limited Liability Company Operatng Agreement (Helpful Alliance Co)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII XII in respect of such Units.
Appears in 3 contracts
Samples: Operating Agreement (Verb Technology Company, Inc.), Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.418.4, shall receive allocations and Distributions pursuant to Article VIXI, Article VII XVI and Article XIII XVIII in respect of such Units.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.410.4, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII the terms of this Agreement in respect of such Units.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Learn SPAC HoldCo, Inc.), Class B Preferred Unit Purchase Agreement (Learn SPAC HoldCo, Inc.)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.418.4, shall receive allocations and Distributions pursuant to Article VIXI, Article VII XVI and Article XIII XVIII in respect of such Units.Units.β
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.03(a), shall receive allocations and Distributions pursuant to Article ARTICLE VI, Article ARTICLE VII and Article XIII ARTICLE XII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (BIT ORIGIN LTD)
Succession Upon Transfer. In the event that any Units are permissibly 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 Units and, subject to Section 6.4, and shall receive allocations and Distributions distributions pursuant to Article Articles IV, VI, Article VII and Article XIII in X with respect of to such Units.
Appears in 1 contract
Samples: Operating Agreement
Succession Upon Transfer. In Except as otherwise decided by the Managers at their discretion, in the event that any Units are 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 Units and, subject to Section 6.46.05, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII XII in respect of such Units.
Appears in 1 contract
Succession Upon Transfer. In the event that any Units are 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 Units andUnits, subject to Section 6.4, shall receive allocations in accordance with the Code and Distributions pursuant to Article VI, Article VII and Article XIII in respect of such UnitsTreasury Regulations.
Appears in 1 contract
Samples: Joinder Agreement (Agrify Corp)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article ARTICLE VI, Article ARTICLE VII and Article ARTICLE XIII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (ATN International, Inc.)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII VIII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)
Succession Upon Transfer. In the event that any Units are Transferred in accordance with the terms of this Agreement, the Transferee transferee shall succeed to the Capital Account of the Transferor transferor to the extent it relates to the Transferred Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Defense & National Security Holdings LLC)
Succession Upon Transfer. In the event that any Units are Transferred in accordance with the terms of this Agreement, the Transferee shall succeed to a pro rata portion of the Capital Account of the Transferor to the extent it relates to the Transferred Units and, subject to Section 6.4, and shall receive allocations and Distributions distributions pursuant to Article VIVII, Article VII VIII and Article XIII XV in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Morgans Hotel Group Co.)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII XIV in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Longeveron LLC)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article ARTICLE VI, Article VII ARTICLE VII, and Article XIII ARTICLE XII in respect of such Units.
Appears in 1 contract
Succession Upon Transfer. In the event that any Units are Transferred in accordance with the terms of this Agreement, the Transferee transferee shall succeed to the Capital Account of the Transferor transferor to the extent it relates to the Transferred Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII VII, and Article XIII XII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.45.04, shall receive allocations and Distributions distributions pursuant to Article VIV, Article VII VI and Article XIII XII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Great Elm Capital Corp.)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.45.04, shall receive allocations and Distributions distributions pursuant to Article VIARTICLE V, Article VII ARTICLE VI and Article XIII ARTICLE XII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Succession Upon Transfer. In the event that If any Units are 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 Units and, subject to Section 6.4, shall receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII in respect of such Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rayven Properties, LLC)
Succession Upon Transfer. In the event that any Units are Transferred transferred in accordance with the terms of this Agreement, the Transferee shall will succeed to the Capital Account of the Transferor to the extent it relates to the Transferred transferred Units and, subject to Section 6.46.04, shall will receive allocations and Distributions pursuant to Article VI, Article VII and Article XIII XII in respect of such Common Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Faraday Future Intelligent Electric Inc.)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.45.2(f), shall receive allocations and Distributions pursuant to Article VISection 5, Article VII Section 6 and Article XIII Section 7 in respect of such Units.
Appears in 1 contract
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII VII, and Article XIII in respect of such Units.
Appears in 1 contract
Samples: Operating Agreement (Agrify Corp)
Succession Upon Transfer. In the event that any Units are 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 Units and, subject to Section 6.46.04, shall receive allocations and Distributions pursuant to Article VI, Article VII ARTICLE VII, and Article XIII in respect of such Units.
Appears in 1 contract
Succession Upon Transfer. In the event that any Units are Transferred in accordance with the terms of this Agreement, the Transferee shall succeed to the Capital Account and, if and to the extent specifically provided for in connection with the Transfer, the Special Capital Account of the Transferor to the extent it relates to the Transferred Units Units, and, subject to Section 6.45.04, shall receive allocations and Distributions distributions pursuant to Article VISection 5, Article VII Section 6 and Article XIII Section 12 in respect of such Units.
Appears in 1 contract
