Common use of Transferred Capital Accounts Clause in Contracts

Transferred Capital Accounts. In the event that any Partnership Interest or portion thereof is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor Partner to the extent such Capital Account relates to the transferred Partnership Interest or portion thereof.

Appears in 4 contracts

Samples: Agreement of Limited Partnership (LyondellBasell F&F Holdco, LLC), Limited Partnership Agreement (Lyondell Refining LP, LLC), Agreement of Limited Partnership (Lyondell Refining LP, LLC)

AutoNDA by SimpleDocs

Transferred Capital Accounts. In the event that any Partnership Member transfers all or a portion of its Company Interest or portion thereof is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor Partner Member to the extent such Capital Account relates to the transferred Partnership Company Interest or portion thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hartford Steam Boiler Inspection & Insurance Co)

Transferred Capital Accounts. In the event that any Partnership Interest or portion thereof is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor Partner to the extent such Capital Account relates to the transferred Partnership Interest interest or portion thereof.

Appears in 1 contract

Samples: Agreement of Limited Partnership (LyondellBasell F&F Holdco, LLC)

Transferred Capital Accounts. In the event that any Partnership Membership Interest or portion thereof is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account and the Profit and Loss Sharing Percentage of the transferor Partner Member to the extent such Capital Account relates related to the transferred Partnership Interest or portion thereofinterest.

Appears in 1 contract

Samples: Operating Agreement

AutoNDA by SimpleDocs

Transferred Capital Accounts. In the event that any Partnership Interest or portion thereof is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor transferee Partner to the extent such Capital Account relates to the transferred Partnership Interest or portion thereof.

Appears in 1 contract

Samples: General Partnership Agreement (Fm Properties Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!