Transfer of Capital Accounts. Notwithstanding anything herein to the contrary, each Member who Transfers an Interest (or a portion thereof) shall be deemed to have Transferred the entire Interest, including the balance in the Capital Account with respect to such Interest (or, if a portion of an Interest is being Transferred, a proportionate amount of the balance in the Capital Account with respect to such Interest) to the Transferee. [[6065250]]
Appears in 2 contracts
Samples: Operating Agreement (Lazard Group LLC), Operating Agreement (Lazard LTD)
Transfer of Capital Accounts. Notwithstanding anything herein to the contrary, each Member who Transfers an Interest (or a portion thereof) shall be deemed to have Transferred the entire Common Interest, including the balance in the Common Capital Account with respect to such Interest (or, if a portion of an a Common Interest is being Transferred, a proportionate amount of the balance in the Common Capital Account with respect to such Interest) to the Transferee. [[6065250]].
Appears in 2 contracts
Samples: Operating Agreement (Lazard LTD), Operating Agreement (Lazard Group LLC)
Transfer of Capital Accounts. Notwithstanding anything herein to the contrary, each Member who Transfers an Interest (or a portion thereof) shall be deemed to have Transferred the entire Interest, including the balance in the Capital Account with respect to such Interest (or, if a portion of an Interest is being Transferred, a proportionate amount of the balance in the Capital Account with respect to such Interest) to the Transferee. [[6065250]].
Appears in 1 contract
Samples: Operating Agreement (Lazard LTD)
