Transfer to a Successor. In the event of any Transfer of all or any part of the Member’s Interest to a Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.
Transfer to a Successor. If a Successor is found, the balance of assets in the Project Fund, together with any other assets held or liabilities incurred by the Conservancy in connection with the Project, shall be transferred to the Successor by the end of the notice period or any extension thereof, subject to the approval of any third parties that may be required. If the Project has formed a new organization qualified as a Successor as set forth in this Section, such organization shall be eligible to receive all such assets and liabilities so long as such organization has received a determination letter from the Internal Revenue Service, indicating that such qualifications have been met, no later than the end of the notice period or any extension thereof.
Transfer to a Successor. If a Successor has Qualified, the balance of assets in the Project Fund, together with any other assets held or liabilities incurred by Conservancy in connection with the Project, shall be transferred to the Successor within thirty (30) days of the approval of the Successor in writing by both Parties or any extension thereof, subject to the approval of any third parties that may be required.
Transfer to a Successor. In the event of any Transfer of all or any part of a Member’s Interest to a Successor, the Successor shall be admitted to the Company as a Member upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the Transfer and, immediately following such admission, the transferor Member shall cease to be a member of the Company.
Transfer to a Successor. In the event of any Transfer of all ---- ========================= or any part of Point West's Interest to a Successor, the Successor shall thereupon become a Member and the Company shall be continued.
Transfer to a Successor. If a Successor is found, the balance of assets in the Initiative Fund together with any other assets held or liabilities incurred by the FSF in connection with Sponsored Activities, shall be transferred to the Successor by the end of the notice period or any extension thereof, subject to the approval of any third parties that may be required. If Developers has formed a new organization qualified as a Successor as set forth in this Section, such organization shall be eligible to receive all such assets and liabilities so long as such organization has received a determination letter from the Internal Revenue Service, indicating that such qualifications have been met, no later than the end of the notice period or any extension thereof.
Transfer to a Successor. In the event of a Transfer of all or any part of SFC’s Interest to a Successor, the Successor shall, upon agreeing in writing to accept and assume the terms and conditions of this Agreement, become a Member entitled to participate in the management of the business and affairs of the Company and to exercise all of the rights and powers of a Member, and the Company shall be continued.
Transfer to a Successor. In the event of a Transfer of all or any part of SGC’s Interest to a Successor, the Successor shall, upon agreeing in writing to accept and assume the terms and conditions of this Agreement, become a Member entitled to participate in the management of the business and affairs of the Company and to exercise all of the rights and powers of a Member, and the Company shall be continued.
Transfer to a Successor. In the event of a Transfer of all or any part of a Member’s Interest to a Successor, the Successor shall, upon execution and delivery of a joinder agreement substantially in the form attached hereto as Exhibit 2, by which such Successor shall accept and assume the terms and conditions of this Agreement, become a Member entitled to participate in the management of the business and affairs of the Company and to exercise all of the rights and powers of a Member, and the Company shall be continued. Upon execution and delivery of such agreement, Schedule A shall be updated by any Manager to reflect such Transfer.
Transfer to a Successor. In the event of any Transfer of all or any part of Green ’s Interest to a Successor, the Successor shall thereupon become a Member and the Company shall be continued.
