Common use of Transfer of or Change in Interests Clause in Contracts

Transfer of or Change in Interests. The Manager is authorized to adopt any convention or combination of conventions likely to be upheld for federal income tax purposes regarding Equity Program Operating Agreement 15 the allocation and/or special allocation of items of Membership income, gain, loss, deduction and expense with respect to a newly issued Interest, a transferred Interest and a redeemed Interest. A transferee of an Interest in the Fund shall succeed to the Capital Account of the transferor Member to the extent it relates to the transferred Interest.

Transfer of or Change in Interests. The Manager is Managers are authorized to adopt any convention or combination of conventions likely to be upheld for federal income tax purposes regarding Equity Program Operating Agreement 15 the allocation and/or special allocation of items of Membership Company income, gain, loss, deduction and expense with respect to a newly issued Interest, a transferred Interest and a redeemed Interest. A Upon admission as a Substituted Member, a transferee of an Interest in the Fund shall succeed to the Capital Account of the transferor Member to the extent it relates to the transferred Interest.

Transfer of or Change in Interests. The Manager is Managers are authorized to adopt any convention or combination of conventions likely to be upheld for federal income tax purposes regarding Equity Program Operating Agreement 15 the allocation and/or special allocation of items of Membership Company income, gain, loss, deduction deduction, and expense with respect to a newly issued Interest, a transferred Interest and a redeemed Interest. A transferee of an Interest in the Fund Company shall succeed to the Capital Account of the transferor Member to the extent it relates to the transferred Interest.

Transfer of or Change in Interests. The Manager is authorized to adopt any convention or combination of conventions likely to be upheld for federal income tax purposes regarding Equity Program Operating Agreement 15 the allocation and/or special allocation of items of Membership income, gain, loss, deduction and expense with respect to a newly issued Interest, a transferred Interest and a redeemed Interest. A transferee of an Interest in the Fund Company shall succeed to the Capital Account of the transferor Member to the extent it relates to the transferred Interest.