Rights and Obligations of Transferee. (a) From and after the effective date of a Transfer, the transferee of one or more of the Units shall be entitled to receive all Distributions, to participate in all Profits and Losses (including allocations of income, gain, loss, deduction, credit or similar items) attributable to the Units transferred to the transferee.
Rights and Obligations of Transferee. (A) Upon any Transfer of membership interests in accordance with this Section 5, such membership interests remain subject to the restrictions of this Agreement.
Rights and Obligations of Transferee. From and after the effective date of a Transfer, the transferee of one or more of the Units shall be entitled the same rights and obligations as Members.
Rights and Obligations of Transferee. 7.1 The Transferee shall have the right to engage an auditor to audit the accounts and records of the Confirming Party.
Rights and Obligations of Transferee. A transferee of Units shall not have any rights of a Member unless and until such transferee is admitted as a Member pursuant to Section 3.3, but shall be entitled to the right to receive allocations of income, gains, losses, deductions, credits, and similar items and distributions to which the transferor of such Units would otherwise be entitled to the extent such items are Transferred to such transferee, and shall be subject to the obligations of a Holder of the class of Units Transferred to such transferee and bound by the provisions of Section 3.2, Section 7.3, Section 11.1, Section 11.2, Section 11.3, Section 11.4, Section 11.7, Section 11.8, Section 11.9, Section 11.11, Section 11.12, Section 11.15 and Section 11.16 as though such transferee was a Holder of the class of Units Transferred to such transferee.
Rights and Obligations of Transferee. Any Person who acquires Equity Securities in the Company by Transfer shall hold such Equity Securities as a Transferee, unless the Non-Transferring Member approves the admission of such Person as a Member under Section 8.3 or unless such Person has been previously admitted as a Member, in which event it shall acquire such Units as a Member. Each Transferee shall be bound and be subject to all of the restrictions applicable to a Member, including the Transfer restrictions of Articles VIII. In addition, a Transferee shall be entitled, as to the Equity Securities acquired (and only to the extent such rights were Transferred), only to share in such Profits and Losses, to receive such Distribution or Distributions, and to receive such allocation of income, gain, loss, deduction or credit, or similar item, to which the prior holder of the Equity Securities was entitled. Such Transferee shall not be entitled to exercise any rights or powers of a Member. Furthermore, if at the time the Transferee acquires any such Equity Securities, the Person previously holding such Equity Securities was obligated to make any further Capital Contributions to the Company with respect to the Equity Securities so Transferred, the Transferee will be similarly obligated to make such Capital Contributions to the Company, when and as required by the terms of this Agreement, and, if failing to do so, will be subject to the same consequences as would have applied to the Member first acquiring such Equity Securities directly from the Company. A Person who permits all or part of its Equity Securities to be Transferred to a Transferee shall remain, unless the Board otherwise provides, liable for any and all obligations due and owing to the Company as to the Equity Securities so Transferred (including the obligation, if any, to make additional Capital Contributions to the Company), even though the Transferee also becomes obligated for the performance of such obligations.
Rights and Obligations of Transferee. Subject to this Master Trust Deed and the relevant Supplementary Terms Notice, a transferee of A$ Notes, on being noted in the Register as the holder of the A$ Notes, shall have the following rights and obligations:
Rights and Obligations of Transferee. 7.1 Transferee shall, pursuant to this Agreement, fully and timely pay the transfer price as agreed under this Agreement. Without the legal and reasonable cause, it shall be deemed as breach in case Transferee fails to pay for more than ten (10) working days.
Rights and Obligations of Transferee. 1. As regards the Leased Capacity referred to in Article III., the Transferee has the right to use the corresponding storage capacity and to make nomination at entry and exit points into/from the gas storage facility.
Rights and Obligations of Transferee. Except as otherwise expressly provided in this Agreement, each transferee or any subsequent transferee of Shares (or any right, title or interest in such Shares) shall hold such Shares (or right, title or interest in such Shares) subject to all of the provisions of this Agreement applicable to the transferor of such Shares (or his predecessor in interest) and shall make no further transfers except as provided in this Agreement. In addition, each Permitted Transferee shall succeed to the rights that his respective transferor held under this Agreement as if the subject Shares were still held by such transferor.
