Succession Upon Transfer Sample Clauses

Succession Upon Transfer. In the event that any Partnership Interests are Transferred in accordance with the terms of this Agreement, the Transferee shall succeed to the Capital Account of the Transferor to the extent it relates to the Transferred Partnership Interests and, subject to Section 5.04, shall receive allocations and distributions pursuant to ARTICLE V, ARTICLE VI, and ARTICLE XI in respect of such Partnership Interests.
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Succession Upon Transfer. In the event that an Interest is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor (or the applicable portion thereof) to the extent that it relates to the transferred Interest and shall receive allocations and distributions pursuant to the terms of this Agreement in respect of such Interest.
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Succession Upon Transfer. The original Capital Account established for any ‎Substituted Member (as defined below) shall ‎be in the same amount as, ‎and shall replace, the Capital Account of the ‎Member (or portion thereof) to ‎which such Substituted ‎Member succeeds, at the time such ‎Substituted Member is admitted to the ‎Company. The Capital ‎Account of any Member shall be ‎increased or decreased by means of the transfer ‎to it of all or part of ‎the Membership Interest of ‎another Member. Any reference in this Agreement to a ‎Capital Contribution of or distribution to a ‎Member that has succeeded any other Member shall include ‎any Capital ‎Contributions or ‎distributions previously made by or to the former Member on account of the Membership Interest of ‎such former ‎Member transferred to such Member. Nothing in this Section 3.4(b) ‎‎shall affect the ‎limitations on ‎transferability of Membership Interests set forth herein.‎ For purposes of this Section 3.4(b), the term “Substituted Member” means a transferee of a Member that is admitted as a Member of the Company.
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Succession Upon Transfer. In the event that any Membership Units are Transferred in accordance with the terms of this Agreement, the Transferee shall succeed to a pro rata portion of the Capital Account of the Transferor shall receive allocations and distributions pursuant to Article VII, Article VIII and Article XV in respect of such Membership Units.
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Succession Upon Transfer. In the event that any Membership Interest is Transferred in accordance with this Agreement, the Transferee shall succeed to the Capital Account of the Transferor to the extent it relates to the Transferred Memb... Section 3.05.
Sample 1
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Related to Succession Upon Transfer

  • Replacement of Securities upon Reorganization, etc In case of any reclassification or reorganization of the outstanding shares of Common Stock (other than a change covered by Section 4.1 or 4.2 hereof or that solely affects the par value of such shares of Common Stock), or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any reclassification or reorganization of the outstanding shares of Common Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Warrant holders shall thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the Warrants and in lieu of the shares of Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the Warrant holder would have received if such Warrant holder had exercised his, her or its Warrant(s) immediately prior to such event; and if any reclassification also results in a change in shares of Common Stock covered by Section 4.1 or 4.2, then such adjustment shall be made pursuant to Sections 4.1, 4.2, 4.3 and this Section 4.4. The provisions of this Section 4.4 shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

  • Repurchase at Option of Holders Upon a Fundamental Change (a) If a Fundamental Change occurs at any time prior to the Maturity Date, each Holder shall have the right, at such Holder’s option, to require the Company to repurchase for cash all of such Holder’s Notes, or any portion of the principal amount thereof properly surrendered and not validly withdrawn pursuant to Section 15.03 that is equal to $1,000 or a multiple of $1,000, on the date (the “Fundamental Change Repurchase Date”) specified by the Company that is not less than 20 or more than 35 Business Days following the date of the Fundamental Change Company Notice at a repurchase price equal to 100% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the Fundamental Change Repurchase Date (the “Fundamental Change Repurchase Price”), unless the Fundamental Change Repurchase Date falls after a Regular Record Date but on or prior to the Interest Payment Date to which such Regular Record Date relates, in which case the Company shall instead pay the full amount of accrued and unpaid interest to the Holder of record as of such Regular Record Date, and the Fundamental Change Repurchase Price shall be equal to 100% of the principal amount of Notes to be repurchased pursuant to this Article 15. Any Notes so repurchased by the Company shall be paid for in cash.

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