Common use of Withdrawal; Successors Clause in Contracts

Withdrawal; Successors. A Member will not be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as specifically provided in this Agreement, and no Member will be entitled to or required to make any capital contribution to the Company other than the Commitments. Any Member, including any additional or substitute Member, who receives an interest in the Company or whose interest in the Company is increased by means of a transfer to it of all or part of the interest of another Member, will have a Capital Account with respect to such interest initially equal to the Capital Account with respect to such interest of the Member from whom such interest is acquired.

Withdrawal; Successors. A Member will shall not be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as specifically provided in this the Agreement, and no Member will shall be entitled to or required to make any capital contribution to the Company other than the Commitments. Any Member, including any additional or substitute Substitute Member, who receives shall receive an interest in the Company or whose interest in the Company is shall be increased by means of a transfer to it of all or part of the interest of another Member, will shall have a Capital Account with respect to such interest initially equal to the Capital Account with respect to such interest of the Member from whom such interest is acquiredacquired except as otherwise required to account for any step up in basis resulting from a termination of the Company under Section 708 of the Code by reason of such interest transfer.

Withdrawal; Successors. A Member will shall not be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as specifically provided in this Agreement, and no Member will shall be entitled to or required to make any capital contribution to the Company other than the Commitmentsexcept as otherwise provided in Article VIII. Any Member, including any additional or substitute Member, Member who receives an interest shall receive a Membership Interest in the Company or whose interest Membership Interest in the Company is shall be increased by means of a transfer to it of all or part of the interest Membership Interest of another Member, will shall have a Capital Account with respect to such interest Membership Interest initially equal to the Capital Account with respect to such interest of the Member from whom such interest Membership Interest is acquiredacquired except as otherwise required to account for any step up in basis resulting from a termination of the Company under Section 708 of the Code by reason of such Membership Interest transfer.

Withdrawal; Successors. A Member will shall not be entitled to withdraw any part of its Capital Account or to receive any distribution from the Company, except as specifically provided in this the Agreement, and no Member will be entitled to or required to make . In the event that any capital contribution to the Company other than the Commitments. Any Member, including any additional or substitute Member, who receives an interest in the Company or whose interest Membership Interest in the Company is increased by means transferred in accordance with the provisions hereof, the transferee of a transfer such interest shall succeed to it of all or part that portion of the interest of another Member, will have a transferor's Capital Account with respect attributable to such interest initially equal to the Capital Account with respect to such interest of the Member from whom such interest is acquiredMembership Interest.

Withdrawal; Successors. A Member will shall not be entitled to withdraw any part of its Capital Account capital account or to receive any distribution from the Company, except as specifically provided in this the Agreement, and no Member will be entitled to or required to make any capital contribution to the Company other than the Commitments. Any Member, including any additional or substitute Substitute Member, who receives shall receive an interest in the Company or whose interest in the Company is shall be increased by means of a transfer to it of all or part of the interest of another Member, will shall have a Capital Account capital account with respect to such interest initially equal to the Capital Account capital account with respect to such interest of the Member from whom such interest is acquired.