Common use of Transferees Clause in Contracts

Transferees. A transferee of all or a part of a Member’s Interest shall succeed to all or the transferred part of the Capital Account of the transferring Member.

Appears in 7 contracts

Sources: Purchase and Sale Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Williams Partners L.P.), Limited Liability Company Agreement (Atlas Pipeline Holdings, L.P.)

Transferees. A transferee of all or a part of a MemberPartner’s Interest shall succeed to all or the transferred part of the Capital Account of the transferring MemberPartner.

Appears in 3 contracts

Sources: General Partnership Agreement, General Partnership Agreement (DCP Midstream Partners, LP), General Partnership Agreement (DCP Midstream Partners, LP)

Transferees. A transferee of If all or a part portion of a Member’s Interest membership interest is transferred, the transferee shall succeed to all or the transferred part of the Capital Account capital account of the transferring Member, to the extent of the interest transferred.

Appears in 1 contract

Sources: Operating Agreement

Transferees. A permitted transferee of all or a part of a Member’s Interest shall succeed to all or the transferred part of the Capital Account of the transferring Member.

Appears in 1 contract

Sources: Limited Liability Company Agreement (ONEOK Partners LP)