Successors as to Economic Rights. References in this Operating Agreement to Members shall also be deemed to constitute a reference to Economic Interest Owners where the provision relates to economic rights and obligations. By way of illustration and not limitation, such provisions would include those regarding Capital Accounts, distributions, allocations, and contributions. A transferee shall succeed to the transferor’s Capital Contributions and Capital Account to the extent related to the Economic Interest transferred, regardless of whether such transferee becomes a Member.
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement (Bluerock Residential Growth REIT, Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.)
Successors as to Economic Rights. References in this Operating Agreement to Members shall also be deemed to constitute a reference to Economic Interest Owners where the provision relates to economic rights and obligations. By way of illustration and not limitation, such provisions would include those regarding Capital Accounts, distributions, allocations, and contributions. A transferee shall succeed to the transferor’s 's Capital Contributions and Capital Account to the extent related to the Economic Interest transferred, regardless of whether such transferee becomes a Member.
Appears in 4 contracts
Samples: Operating Agreement (Cannaisseur Group Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.), Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.)
Successors as to Economic Rights. References in this Operating Agreement to Members also shall also be deemed to constitute a reference to Economic Interest Owners where Holders if and to the extent that the provision relates to economic rights and obligations. By way of illustration and not limitation, such provisions would include those regarding Capital Accounts, distributions, allocations, and contributions. A transferee shall succeed to the transferor’s Capital Contributions and Capital Account to the extent related to the Economic Interest transferred, regardless of whether or not such transferee becomes a Member.
Appears in 3 contracts
Samples: Operating Agreement (Safe & Green Development Corp), Operating Agreement (Safe & Green Development Corp), Operating Agreement (Sg Blocks, Inc.)
