Additional Transfer Restrictions. Notwithstanding anything herein to the contrary, no Member may, without the prior written consent of the Manager, Transfer all or any portion of its Membership Interests to the extent such Transfer (a) would violate any applicable securities laws, or (b) would cause a termination of the LLC for federal income tax purposes.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (Peoples Liberation Inc), Limited Liability Company Operating Agreement (Peoples Liberation Inc), Operating Agreement (Peoples Liberation Inc)
Additional Transfer Restrictions. Notwithstanding anything herein to the contrary, no Member may, without the prior written consent of the ManagerManaging Member, Transfer all or any portion of its Membership Interests membership interest in the Company to the extent such Transfer (a) would violate any applicable securities laws, or (b) would cause a termination of the LLC Company for federal income tax purposes.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Hershfield Lawrence)
Additional Transfer Restrictions. Notwithstanding anything herein to the contrary, no Member may, without the prior written consent of the ManagerBoard of Managers, Transfer all or any portion of its Membership Interests to the extent such Transfer (a) would violate any applicable securities laws, or (b) would cause a termination of the LLC Company for federal income tax purposes.
Appears in 1 contract
Samples: Limited Liability Company Agreement
