Transferee’s Capital Account. In the event of a transfer of any Membership Units, the transferee shall assume the Capital Account balance of the transferor.
Appears in 4 contracts
Samples: Operating Agreement (Liquidmetal Technologies Inc), Operating Agreement (Liquidmetal Technologies Inc), Asset Purchase and Contribution Agreement (Liquidmetal Technologies Inc)
Transferee’s Capital Account. In Except as otherwise provided herein, in the event of a transfer of any Membership UnitsCompany interest, the transferee shall assume the Capital Account capital account balance of the transferor.
Appears in 2 contracts
Samples: Operating Agreement (Floridian Financial Group Inc), Operating Agreement (Floridian Financial Group Inc)
Transferee’s Capital Account. In Except as otherwise provided herein, in the event of a transfer of any Membership UnitsPartner’s interest in the Partnership, the transferee shall assume the Capital Account capital account balance of the transferor.
Appears in 1 contract
