Transfer of Economic Interest Sample Clauses

Transfer of Economic Interest. The right to receive allocations of profits and losses and to receive Distributions may not be transferred in whole or in part unless the following terms and conditions have been satisfied: The transferor shall have:
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Transfer of Economic Interest. 1.1 Subject to the terms and conditions contained herein, the Transferor agrees to transfer to the Transferee, and the Transferee agrees to accept from the Transferor, all of the Economic Interest of the Target Equity Interest.
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Transfer of Economic Interest. Except for (i) the transfer from the Depositor to the Owner Trustee of the Class A Ownership Interest, (ii) the transfer under the Indenture of the Class A Ownership Interest to the Indenture Trustee, (iii) a transfer pursuant to the Indenture by the Indenture Trustee or any subsequent transferee of the Class A Ownership Interest following an Event of Default and (iv) the transfer of any Class B Membership Interest owned by Mortgage Asset Trading, Inc. to the Designated Seller or an Affiliate of the Designated Seller, the Economic Interest of any Member may not be transferred in whole or in part unless the following terms and conditions have been satisfied:
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Transfer of Economic Interest. Upon any approved Transfer of a Membership Interest, unless the transferee is admitted as a substitute Member, the transferee shall be only an Economic Interest Owner and shall be entitled only to receive, to the extent assigned, the distributions and the allocations of income, gains, losses, deductions, credit or similar items to which the assignor Member would be entitled (the "Economic Rights"). Except for the Economic Rights, the Economic Interest Owner shall not have any rights of a Member ("Member Rights"), including, without limitation, the right to vote or to participate in management or, except as otherwise provided in the Act, any right to information concerning the business and affairs of the Company. Further, upon a Transfer of an Economic Interest, all Member Rights arising pursuant to this Agreement or applicable law which were inherent in the Membership Interest from which the Economic Interest was derived, other than the Economic Rights, shall be eliminated and no one, including, without limitation, the Member who transferred the Economic Interest, shall have any rights with respect to the Member Rights.
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Transfer of Economic Interest. If a Member who is an individual dies or is adjudged by a court of competent jurisdiction to be incompetent to manage the Member's person or property, or if a Member that is corporation, trust, or other entity dissolves or terminates, such Member's executor, administrator, guardian, conservator, or other legal representative in the event the Member is an individual, and such Member's legal representative or successor in the event the Member is a corporation, trust, or other entity, shall have only the rights of an Economic Interest Owner, which entitles the holder to share in the income, gains, losses, deductions, credits, or similar items of, and to receive distributions from, the Company, but does not provide any other rights of a Member, including, without limitation, the right to vote or to participate in management, or, except as provided in the Act, any right to information concerning the business and affairs of the Company. An Economic Interest Owner shall have no right to become a substitute Member without the approval that is otherwise required pursuant to this Agreement.
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Transfer of Economic Interest. Notwithstanding the provisions of this Article 10, a Member may Transfer a portion of such Member's Economic Interest in the Company, without the necessity of obtaining the Unanimous Vote of the Members, provided each of the following conditions are satisfied:
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Transfer of Economic Interest. In the case of a Transfer of an Economic Interest during any fiscal year, the Assigning Member and Assignee shall each be allocated the Economic Interest’s share of Profits or Losses based on the number of days each held the Economic Interest during that fiscal year.
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Transfer of Economic Interest. 19- 11.3 Status of Transferee of Economic Interest..........................-20- 11.4 Transfer of Management Rights; Admission of Substitute Member......-20- 11.5 Dissolution or Bankruptcy of a Member..............................-20- 11.6 Dispositions not in Compliance with this Article Void..............-21- 11.7 Approval of Initial Transfer and Admission.........................-21- 11.8 Approval of Pledge of Class A Ownership Interest by Trust..........-21- ARTICLE XII APPOINTMENT OF MANAGER 12.1 Appointment of Manager.............................................-21- 12.2 Specific Performance...............................................-21- ARTICLE XIII DISSOCIATION OF A MEMBER 13.1 Dissociation.......................................................-21- ARTICLE XIV DISSOLUTION AND WINDING UP 14.1 Dissolution........................................................-22- 14.2 Effect of Dissolution..............................................-22- 14.3 Distribution of Assets on Dissolution Resulting from an Event of Liquidation........................................................-22- 14.4 Distribution of Assets on Dissolution for Other Cause..............-23- 14.5 Winding Up and Certificate of Cancellation.........................-24- ARTICLE XV MISCELLANEOUS 15.1 Notices...........................................................-24- 15.2 Meetings..........................................................-24- 15.3 Headings..........................................................-24- 15.4 Entire Agreement..................................................-24- 15.5 Binding Agreement.................................................-24- 15.6 Saving Clause.....................................................-24- 15.7 Counterparts......................................................-25- 15.8 Governing Law.....................................................-25- 15.9 No Partnership Intended for Nontax Purposes.......................-25- 15.10 No Rights of Creditors and Third Parties under Company Agreement.........................................................-25- 15.12 General Interpretive Principles..........................-25- (iv) Operating Agreement of 1996-HS3 LLC This Operating Agreement of 1996-HS3 LLC, a limited liability company formed pursuant to the Delaware Limited Liability Company Act, is entered into and shall be effective as of the Effective Date, by and among the Company and the Persons executing this Company Agreement as Members.
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Related to Transfer of Economic Interest

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Transfer of Units 10.3.1 Units may be transferred only in the manner described in Article 9.2. The transfer of any Units and the admission of any new Partner shall not constitute an amendment to this Agreement.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred.

  • Transfer of Equity Interest Upon each exercise of the Option under this Agreement:

  • Transfer of Interest The Interest is personal property and may be transferred or assigned, in whole or in part, as permitted by the Equityholders Agreement, in the sole discretion of the Member. Notwithstanding anything to the contrary set forth herein, no Interest in the Company may be issued, transferred or pledged in any manner whatsoever except in compliance with all applicable Gaming Licenses and Gaming Laws, except as contemplated by Section 9.2.

  • Transfer of Acquired Assets At the Closing, Seller is transferring and shall transfer to Buyer, and the Transaction Agreements are effective to vest in Buyer, good, valid and indefeasible or marketable, fee simple or leasehold, as applicable, title to the Acquired Assets, free and clear of all Liens, other than Permitted Liens.

  • Transfer of Ownership Trust..........................................................

  • Transfer of Partnership Interests The foregoing power of attorney shall survive the delivery of an instrument of transfer by any Partner of the whole or any portion of or interest in its Partnership Interest, except that (i) where a Partner becomes a Former Partner, or (ii) where a Transferee of such Partnership Interest has been approved as a successor Partner and the Transferor shall thereupon cease being a Partner (all in accordance with this Agreement), then the power of attorney of the Former Partner or the Transferor Partner, as the case may be, shall survive the cessation of Partner status or the delivery of such instrument of transfer, as the case may be, for the sole purpose of enabling the attorneys-in-fact for such Former Partner or the Transferor Partner (or any of them) to execute, swear to, acknowledge and file any and all instruments necessary to effectuate or reflect such cessation, transfer and succession.

  • Transfer of Interests The Member may sell, assign, pledge, encumber, dispose of or otherwise transfer all or any part of the economic or other rights that comprise its Interest. The transferee shall have the right to be substituted for the Member under this Agreement for the transferor if so determined by the Member. No Member may withdraw or resign as Member except as a result of a transfer pursuant to this Section 7 in which the transferee is substituted for the Member. None of the events described in Section 18-304 of the Act shall cause the Member to cease to be a Member of the Company.

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent or Merger Sub any direct or indirect ownership or incidence of ownership of or with respect to any Shares. All rights, ownership and economic benefits of and relating to the Shares shall remain vested in and belong to Stockholder, and Parent and Merger Sub shall have no authority to manage, direct, superintend, restrict, regulate, govern, or administer any of the policies or operations of the Company or exercise any power or authority to direct Stockholder in the voting of any of the Shares, except as otherwise provided herein.

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