Transfer of Capital Accounts. The original Capital Account established for each substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Member succeeds, at the time such substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the transfer of Shares. Any reference in this Agreement to a Capital Contribution of or distribution to a Member that has succeeded any other Member shall include any Capital Contributions or distributions previously made by or to the former Member on account of its Shares.
Appears in 13 contracts
Samples: Limited Liability Company Agreement (EQT Private Equity Co LLC), Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC), Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC)
Transfer of Capital Accounts. The original Capital Account established for each substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Member succeeds, at the time such substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the transfer of SharesMembership Interests to or from such Member shall be appropriately adjusted to reflect such transfer. Any reference in this Agreement to a Capital Contribution of or distribution Distribution to a Member that has succeeded any other Member shall include any Capital Contributions or distributions Distributions previously made by or to the former Member on account of its Sharesthe Membership Interests of such former Member transferred to such Member.
Appears in 11 contracts
Samples: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)
Transfer of Capital Accounts. The original Capital Account established for each substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Member succeeds, at the time such substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the transfer to it of Sharesall or part of the interest in the Company of another Member shall be appropriately adjusted to reflect such transfer. Any reference in this Agreement to a Capital Contribution of or distribution to a Member that has succeeded any other then Member shall include any a Capital Contributions Contribution or distributions distribution previously made by or to the former any prior Member on account of its Sharesthe Company interest of such then Member.
Appears in 2 contracts
Samples: American Radio Systems Corp /Ma/, American Tower Systems Corp
Transfer of Capital Accounts. The original Capital Account established for each substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Member succeeds, at the time such substituted Member is admitted to the CompanyFund. The Capital Account of any Member whose interest in the Company Percentage Interest shall be increased or decreased by means of the transfer Transfer to him of Sharesall or part of the Percentage Interest of another Member shall be appropriately adjusted to reflect such Transfer. Any reference in this Agreement to a Capital Contribution of of, or distribution to to, a Member that has succeeded any other then Member shall include any a Capital Contributions Contribution or distributions distribution previously made by or to the former any predecessor Member on account of its Sharesthe Interests of such then Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Transfer of Capital Accounts. The original Capital Account established for each substituted Substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Substituted Member succeeds, at the time such substituted Substituted Member is admitted to as a Member of the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the repurchase of Units as contemplated in any agreement to which the Company is a party shall be appropriately adjusted to reflect such transfer of Shares. Any reference in this Agreement to a Capital Contribution of or distribution to a Member that has succeeded any other Member shall include any Capital Contributions or distributions previously made by or to the former Member on account of its Sharesrepurchase.
Appears in 1 contract
Transfer of Capital Accounts. The original Capital Account established for each substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Member succeeds, at the time such substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the transfer of Shares. Any reference in this Agreement to a Capital Contribution of or distribution to a Member that has succeeded any other Member shall include any Capital Contributions or distributions previously made by or to the former Member on account of its Shares.. ARTICLE IX
Appears in 1 contract
Samples: Limited Liability Company Agreement (EQT Infrastructure Co LLC)
Transfer of Capital Accounts. The With respect to any Units, the original Capital Account established for each substituted Substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) with respect to such Units to which such substituted Substituted Member succeeds, at the time such substituted Substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of (i) the transfer Transfer to it of Shares. Any reference in all or part of the Units of another Member or (ii) the repurchase of Units pursuant to this Agreement shall be appropriately adjusted to a Capital Contribution of or distribution to a Member that has succeeded any other Member shall include any Capital Contributions or distributions previously made by or to the former Member on account of its Shares.reflect such
Appears in 1 contract
Samples: Operating Agreement
Transfer of Capital Accounts. The original Capital Account established for each substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Member succeeds, at the time such substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the transfer to it of Sharesall or part of the interest in the Company of another Member shall be appropriately adjusted to reflect such transfer. Any reference in this Agreement to a Capital Contribution of or distribution to a Member that has succeeded any other then Member shall include any a Capital Contributions Contribution or distributions distribution previously made by or to the former any prior Member on account of its Sharesthe Membership Interest of such then Member.
Appears in 1 contract
Samples: Operating Agreement (Idt Corp)
Transfer of Capital Accounts. The original Capital Account established for each substituted Substitute Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which who such substituted Substitute Member succeeds, at the time such substituted Member is admitted to the Company. The Capital Account of any Member whose interest Membership Interest in the Company has increased due to the Transfer to it of all or part of the Membership Interest in the Company of another Member shall be increased or decreased by means of the transfer of Sharesappropriately adjusted to reflect such Transfer. Any reference in this Agreement to a Capital Contribution of of, or distribution to to, a Member that has succeeded any other then Member shall include any a Capital Contributions Contribution or distributions distribution previously made by or to the former any prior Member on account of its Sharesthe Membership Interest of such then Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MGT Capital Investments Inc)
Transfer of Capital Accounts. The original Capital Account established for each substituted Substituted Member shall be in the same amount as the Capital Account of the Member (or portion thereof) to which such substituted Substituted Member succeeds, at the time such substituted Substituted Member is admitted to the Company. The Capital Account of any Member whose interest in the Company shall be increased or decreased by means of the transfer of Shares. Any reference in this Agreement to a Capital Contribution of or distribution to a Member that has succeeded any other Member shall include any Capital Contributions or distributions previously made by or to the former Member on account of its Shares.increased
Appears in 1 contract
Samples: U.S. Shipping Partners L.P.
