Common use of Transfer of PubCo’s Interest Clause in Contracts

Transfer of PubCo’s Interest. Subject to Section 9.01(b), PubCo may Transfer all or any portion of its Membership Interest at any time and from time to time without the consent of the Managing Member (if the Managing Member is not PubCo at such time) or any other Person. A Person acquiring PubCo’s Membership Interest pursuant to this Section 9.02 shall not be admitted as a substituted or additional Member except in accordance with the requirements of Section 9.03, but such Person shall, to the extent of the Membership Interest transferred to it, be entitled to (a) PubCo’s share of distributions, (b) PubCo’s share of profits and losses, including Net Profits and Net Losses, and (c) PubCo’s Capital Account in accordance with Section 6.01(c).

Transfer of PubCo’s Interest. Subject to Section 9.01(b), PubCo Pubco may Transfer all or any portion of its Membership Interest at any time and from time to time without the consent of the Managing Member (if the Managing Member is not PubCo Pubco at such time) or any other Person. A Person acquiring PubCoPubco’s Membership Interest pursuant to this Section 9.02 shall not be admitted as a substituted or additional Member except in accordance with the requirements of Section 9.03, but such Person shall, to the extent of the Membership Interest transferred to it, be entitled to (a) PubCoPubco’s share of distributions, (b) PubCoPubco’s share of profits and losses, including Net Profits and Net Losses, and (c) PubCoPubco’s Capital Account in accordance with Section 6.01(c).

Transfer of PubCo’s Interest. Subject to Section 9.01(b), PubCo may Transfer all or any portion of its Membership Interest at any time and from time to time without the consent of the Managing Member (if the Managing Member is not PubCo at such time) or any other Person. A Person acquiring PubCo’s Membership Interest pursuant to this Section 9.02 shall not be admitted as a substituted or additional Member except in accordance with the requirements of Section 9.03, but such Person shall, to the extent of the Membership Interest transferred to it, be entitled to (a) PubCo’s share of distributions, (b) PubCo’s share of profits and losses, including Net Profits and Net Losses, and (c) PubCo’s Capital Account in accordance with Section 6.01(c).. 29

Transfer of PubCo’s Interest. Subject Notwithstanding anything contained herein to Section 9.01(b)the contrary, PubCo Pubco may Transfer all or any portion of its Membership Interest at any time and from time to time without the consent of the Managing Member (if the Managing Member is not PubCo Pubco at such time) or any other Person. A Person acquiring PubCoPubco’s Membership Interest pursuant to this Section 9.02 shall not be admitted as a substituted or additional Member except in accordance with the requirements of Section 9.03, but such Person shall, to the extent of the Membership Interest transferred to it, be entitled to (a) PubCoPubco’s share of distributions, (b) PubCoPubco’s share of profits and losses, including Net Profits and Net Losses, and (c) PubCoPubco’s Capital Account in accordance with Section 6.01(c6.01(d).

Transfer of PubCo’s Interest. Subject to Section 9.01(b), PubCo may Transfer all or any portion of its Membership Interest at any time and from time to time without the consent of the Managing Member (if the Managing Member is not PubCo at such time) or any other Person. A Person acquiring PubCo’s Membership Interest pursuant to this Section 9.02 shall not be admitted as a substituted or additional Member except in accordance with the requirements of Section 9.03, but such Person shall, to the extent of the Membership Interest transferred to it, be entitled to (a) PubCo’s share of distributions, (b) PubCo’s share of profits and losses, including Net Profits and Net Losses, and (c) PubCo’s Capital Account in accordance with Section 6.01(c).. 30