Applicability of Article IX to transferees of Junction Membership Interests Sample Clauses

Applicability of Article IX to transferees of Junction Membership Interests. If Junction shall have transferred any of its interest in the LLC in accordance with Article VI (the "Transferred Interest") to any person or entity (each, a "Junction Transferee"), then all such Transferred Interests shall be subject to the Buyout Option and shall be deemed to be part of the Junction Interest. No such Transferred Interest shall have been effectively transferred to any Junction Transferee until such Junction Transferee shall have agreed in writing to be bound by the provisions contained in this Article IX. In the event that Summa Four shall purchase all of the Junction Interests, pursuant to the exercise of a Buyout Option, it shall as part of such transaction also purchase all of the Transferred Interests.