Succession Upon Transfer. In the event that any Membership Interests 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 Membership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article V, Article VI and Article XI in respect of such Membership Interests.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Lendway, Inc.), Limited Liability Company Agreement (Athenex, Inc.), Limited Liability Company Agreement (Tecogen Inc.)
Succession Upon Transfer. In the event that If any Membership Interests 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 Membership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article ARTICLE V, Article VI ARTICLE VI, and Article ARTICLE XI in respect of such Membership Interests.
Appears in 3 contracts
Samples: Joinder Agreement (Hempacco Co., Inc.), Limited Liability Company Operating Agreement (iPower Inc.), Limited Liability Company Operating Agreement (iPower Inc.)
Succession Upon Transfer. In the event that any Membership Interests are Interest is 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 Membership Interests Interest and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article V, Article VI and Article XI XII in respect of such Membership InterestsInterest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Chicken Soup for the Soul Entertainment, Inc.), Limited Liability Company Agreement (Chicken Soup for the Soul Entertainment, Inc.)
Succession Upon Transfer. In the event that any Membership Interests are Interest is 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 Membership Interests Interest and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article ARTICLE V, Article ARTICLE VI and Article XI ARTICLE XII in respect of such Membership InterestsInterest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Hut 8 Corp.), Limited Liability Company Agreement (iMedia Brands, Inc.)
Succession Upon Transfer. In the event that any Membership Interests are Interest is 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 Membership Interests and, subject to Section 5.04, Interest and shall receive allocations and distributions pursuant to Article ARTICLE V, Article ARTICLE VI and Article XI ARTICLE XII in respect of such Membership InterestsInterest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Loop Industries, Inc.)
Succession Upon Transfer. In the event that any Membership Partnership Interests 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 Membership Partnership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article ARTICLE V, Article VI ARTICLE VI, and Article ARTICLE XI in respect of such Membership Partnership Interests.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Park View OZ REIT Inc), Limited Partnership Agreement (Park View OZ REIT Inc)
Succession Upon Transfer. In the event that any Membership Interests 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 Membership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article ARTICLE V, Article ARTICLE VI and Article XI ARTICLE XII in respect of such Membership Interests.
Appears in 1 contract
Samples: Operating Agreement
Succession Upon Transfer. In the event that any Membership Interests are Interest is 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 Membership Interests Interest and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article ARTICLES V, Article VI VI, and Article XI XII in respect of such Membership InterestsInterest.
Appears in 1 contract
Succession Upon Transfer. In the event that any Membership Interests 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 Membership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article ARTICLE V, Article ARTICLE VI and Article ARTICLE XI in respect of such Membership Interests.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CurrencyWorks Inc.)
Succession Upon Transfer. In the event that any Membership Interests of Members 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 Membership Interests Units and, subject to Section 5.046.04, shall receive allocations and distributions Distributions pursuant to Article VVI, Article VI VII and Article XI XIII in respect of such Membership InterestsUnits.
Appears in 1 contract
Samples: Limited Liability Company Agreement (TWO RIVERS WATER & FARMING Co)
Succession Upon Transfer. In the event that If any Membership Interests 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 Membership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article ARTICLE V, Article VI ARTICLE VI, and Article XI ARTICLE XII in respect of such Membership Interests.
Appears in 1 contract
Succession Upon Transfer. In the event that any Membership Interests 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 Membership Interests and, subject to Section 5.045.07, shall receive allocations and distributions pursuant to Article ARTICLE V, Article VI ARTICLE VI, and Article ARTICLE XI in respect of such Membership Interests.
Appears in 1 contract
Samples: Company Agreement
Succession Upon Transfer. In the event that any Membership Interests are 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 Membership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article V, Article VI and Article XI in respect of such Membership Interests.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NeoGames S.A.)
Succession Upon Transfer. In the event that If any Membership Interests are Transferred in accordance with the terms of this Agreement, the Permitted Transferee shall succeed to the Capital Account of the Transferor transferor to the extent it relates to the Transferred Membership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to Article VIV, Article VI V and Article XI IX in respect of such Membership Interests.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Fintech Investor Holdings, LLC)
