Common use of Deemed Transfer of Units Clause in Contracts

Deemed Transfer of Units. If the LLC or any other Person acquiring Units of a Unitholder pursuant to any Transaction Document shall make available, at the time and place and in the amount and form provided in such Transaction Document, the consideration for the Units to be repurchased in accordance with the provisions of such Transaction Document, then from and after such time, the Person from whom such units are to be repurchased shall no longer have any rights (including rights to Distributions hereunder) as a holder of such Units (other than the right to receive payment of such consideration in accordance with such Transaction Document), and such Units shall be deemed purchased in accordance with the applicable provisions hereof and the LLC or any other Person acquiring such Units shall be deemed the owner and holder of such Units, whether or not the certificates therefor have been delivered as required by such Transaction Document.

Deemed Transfer of Units. If the LLC or any other Person acquiring Units of a Unitholder pursuant to any Transaction Document shall make available, at the time and place and in the amount and form provided in such Transaction Documentunit transfer or similar agreement (“Unit Transfer Agreement”), the consideration for the Units to be repurchased in accordance with the provisions of such Transaction DocumentUnit Transfer Agreement, then from and after such time, the Person from whom such units Units are to be repurchased shall no longer have any rights (including rights to Distributions hereunder) as a holder of such Units (other than the right to receive payment of such consideration in accordance with such Transaction DocumentUnit Transfer Agreement), and such Units shall be deemed purchased in accordance with the applicable provisions hereof and the LLC or any other Person acquiring such Units shall be deemed the owner and holder of such Units, whether or not the certificates therefor have been delivered as required by such Transaction DocumentUnit Transfer Agreement.

Deemed Transfer of Units. If the LLC or any other Person acquiring Units of a Unitholder pursuant to any Transaction Document in accordance with the terms herein shall make available, at the time and place and in the amount and form provided in such Transaction Documentunit transfer or similar agreement (“Unit Transfer Agreement”), the consideration for the Units to be repurchased in accordance with the provisions of such Transaction DocumentUnit Transfer Agreement, then from and after such time, the Person from whom such units Units are to be repurchased shall no longer have any rights (including rights to Distributions hereunder) as a holder of such Units (other than the right to receive payment of such consideration in accordance with such Transaction DocumentUnit Transfer Agreement), and such Units shall be deemed purchased in accordance with the applicable provisions hereof and the LLC or any other Person acquiring such Units shall be deemed the owner and holder of such Units, whether or not the certificates therefor have been delivered as required by such Transaction DocumentUnit Transfer Agreement. 15.24.