Common use of Transfer of Capital Accounts Clause in Contracts

Transfer of Capital Accounts. In the event of any transfer of any Membership Interest in accordance with Section 9.01, Section 9.02 or Section 9.03, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred Membership Interest.

Transfer of Capital Accounts. In the event of any transfer Transfer of any Membership Interest in accordance with Section 9.01, Section 9.02 or Section 9.03the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred Membership Interest. The transferring Member and the assignee shall have agreed in writing to provide the Company with any information requested by the Managing Member and/or officers relating to the Company’s obligation to make basis adjustments under Section 743 of the Code (including, without limitation, the Company’s obligations under Section 6031(b) of the Code).