Common use of Transferee Succeeds to Transferor's Capital Account Clause in Contracts

Transferee Succeeds to Transferor's Capital Account. If any Member Transfers all or a part of its Financial Rights in the Company, whether or not such Transfer is permitted under Article 12, any transferee from the Member shall succeed to the Capital Account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest Transferred, in accordance with Regulations Section 1.704-1(b)(2)(iv)(1).

Appears in 3 contracts

Samples: Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc)

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Transferee Succeeds to Transferor's Capital Account. If any Member Transfers transfers all or a part of its such Member's Financial Rights in the Company, whether or not such Transfer is permitted under Article 12, any the transferee from the Member shall succeed to the Capital Account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest Transferredtransferred, in accordance with Regulations Section Treasury Regulation ss. 1.704-1(b)(2)(iv)(11(b)(2)(iv)(l).

Appears in 1 contract

Samples: Member Control Agreement (Taylor Investment Corp /Mn/)

Transferee Succeeds to Transferor's Capital Account. If any Member Transfers transfers all or a part of its Financial Rights an Interest in the Company, whether or not such Transfer is permitted under Article 12, any the transferee from the Member shall succeed to the Capital Account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest Transferredtransferred, in accordance with Regulations Section Treasury Regulation ` 1.704-1(b)(2)(iv)(1).

Appears in 1 contract

Samples: Operating Agreement (Taylor Investment Corp /Mn/)

Transferee Succeeds to Transferor's Capital Account. If any Member Transfers transfers all or a part of its such Member's Financial Rights in the Company, whether or not such Transfer transfer is permitted under Article 1214, any transferee from the Member shall succeed to the Capital Account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest TransferredUnits transferred, in accordance with Regulations Section 1.704-1(b)(2)(iv)(1).

Appears in 1 contract

Samples: Limited Liability Company Agreement (WPT Enterprises Inc)

Transferee Succeeds to Transferor's Capital Account. If any Member Transfers transfers all or a part of its Financial Rights an Interest in the Company, whether or not such Transfer is permitted under Article 12, any the transferee from the Member shall succeed to the Capital Account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest Transferredtransferred, in accordance with Regulations Section Treasury Regulation ss. 1.704-1(b)(2)(iv)(1).

Appears in 1 contract

Samples: Operating Agreement (Taylor Investment Corp /Mn/)

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Transferee Succeeds to Transferor's Capital Account. If any Member Transfers all or a part of his, her or its Financial Rights in the Company, whether or not such Transfer is permitted under Article 128, any transferee from the Member shall succeed to the Capital Account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest Transferred, in accordance with Regulations Section ss. 1.704-1(b)(2)(iv)(1).

Appears in 1 contract

Samples: Member Control Agreement (Active Iq Technologies Inc)

Transferee Succeeds to Transferor's Capital Account. If any the Member Transfers all or a part of its Financial Rights the Member’s Interest in the Company, whether or not such Transfer is permitted under Article 12this Agreement, any transferee from the Member shall succeed to the Capital Account corresponding portion of the capital account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest Transferred, in accordance with Regulations Section 1.704-1(b)(2)(iv)(1l(b)(2)(iv)(l).

Appears in 1 contract

Samples: Operating Agreement (PERRIGO Co PLC)

Transferee Succeeds to Transferor's Capital Account. If any Member Transfers transfers all or a part of its such Member's Financial Rights in the Company, whether or not such Transfer transfer is 15 16 permitted under Article 12ARTICLE 13, any transferee from the Member shall succeed to the Capital Account (including any remaining Capital Contributions) of the transferor Member to the extent of the Interest Units Transferred, in accordance with Regulations Section 1.704-1(b)(2)(iv)(1).

Appears in 1 contract

Samples: Operating Agreement (Famous Daves of America Inc)

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