Transfer of Capital Accounts. If a Unitholder transfers an interest in the LLC to a new or existing Unitholder, the transferee Unitholder shall succeed to that portion of the transferor's Capital Account that is attributable to the transferred interest. Any reference in this Agreement to a Capital Contribution of, or Distribution to, a Unitholder that has succeeded any other Unitholder shall include any Capital Contributions or Distributions previously made by or to the former Unitholder on account of the interest of such former Unitholder transferred to such Unitholder.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Prestige Brands Holdings, Inc.), Limited Liability Company Agreement (Triad Financial Corp), Limited Liability Company Agreement (Prestige Brands International, Inc.)
Transfer of Capital Accounts. If a Unitholder transfers Transfers an interest in the LLC Interest to a new or existing Unitholder, the transferee Unitholder shall succeed to that portion of the transferor's ’s Capital Account that is attributable to the transferred interestTransferred LLC Interest. Any reference in this Agreement to a Capital Contribution of, or Distribution to, a Unitholder that has succeeded any other Unitholder shall include any Capital Contributions or Distributions previously made by or to the former Unitholder on account of the interest LLC Interest of such former Unitholder transferred Transferred to such successor Unitholder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Emmis Communications Corp)
Transfer of Capital Accounts. If a Unitholder transfers an interest in the LLC to a new or existing Unitholder, the transferee Unitholder shall succeed to that portion of the transferor's ’s Capital Account that is attributable to the transferred interest. Any reference in this Agreement to a Capital Contribution of, or Distribution to, a Unitholder that has succeeded any other Unitholder shall include any Capital Contributions or Distributions previously made by or to the former Unitholder on account of the interest of such former Unitholder transferred to such Unitholder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Triad Financial Corp), Limited Liability Company Agreement (Triad Financial Sm LLC)
Transfer of Capital Accounts. If a Unitholder sells, assigns or transfers an interest in the LLC to a new or existing Unitholder, the transferee Unitholder shall succeed to that portion of the transferor's ’s Capital Account that is attributable to the sold, assigned or transferred interest. Any reference in this Agreement to a Capital Contribution of, or Distribution to, a Unitholder that has succeeded any other Unitholder shall include any Capital Contributions or Distributions previously made by or to the former Unitholder on account of the interest of such former Unitholder sold, assigned or transferred to such Unitholder.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Providence Service Corp)
Transfer of Capital Accounts. If a Unitholder transfers an interest in the LLC to a new or existing Unitholder, the transferee Unitholder shall succeed to that portion of the transferor's ’s Capital Account that is attributable to the transferred interest. Any reference in this Agreement to a Capital Contribution of, or Distribution to, a Unitholder that has succeeded any other Unitholder shall include any Capital Contributions or Distributions previously made by or to the former Unitholder on account of the interest of such former Unitholder transferred to such successor Unitholder.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Solera Holdings LLC)
