Common use of Transfer to a Successor Clause in Contracts

Transfer to a Successor. In the event of any Transfer of all or any part of the Member’s Interest to a Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.

Appears in 72 contracts

Sources: Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.), Operating Agreement (Trestle Transport, Inc.)

Transfer to a Successor. In the event of any Transfer of all or any part of the Member’s Interest to a Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.

Appears in 5 contracts

Sources: Operating Agreement (Rebuild Miami-Edgewater, LLC), Operating Agreement (Ruth's Chris Steak House Texas, L.P.), Operating Agreement (HSI IP, Inc.)

Transfer to a Successor. In the event of any Transfer of all or any part of the Member’s Interest to a Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Transfer to a Successor. In the event of any Transfer of all or any part of the Member’s 's Interest to a Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.

Appears in 2 contracts

Sources: Operating Agreement (Eacc Camps Inc), Operating Agreement (Crystal Park Hotel & Casino Development Co LLP)

Transfer to a Successor. In the event of any Transfer of all or any part of the MemberOwner’s Interest to a Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement (Redi-Mix, LLC)

Transfer to a Successor. In the event of any Transfer of all or any part of the a Member’s Interest to a Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.

Appears in 1 contract

Sources: Operating Agreement (Trestle Transport, Inc.)

Transfer to a Successor. In the event of any Transfer of all or any part of the Member’s Interest to a 11. Successor, the Successor shall immediately thereupon and without further action become a Member with all rights, powers and privileges associated herewith and the Company shall be continued.

Appears in 1 contract

Sources: Operating Agreement (Trestle Transport, Inc.)