After the First Contribution Date Sample Clauses

After the First Contribution Date. Subject to the conditions and restrictions set forth in Section 11.3, the Member may Transfer its Interest only if: (a) the transferring Member Transfers all of its Interest to an Affiliate of the transferor that is not a natural Person; (b) the transferring Member Transfers all of its Interest in a Corporate Transfer; provided that if the Corporate Transfer is also an “involuntary transfer” as defined in Section 11.9.1 or if MTN proposes a Corporate Transfer to any Major Carrier, then the Corporate Transfer is not permitted under this Section 11.2.2(b) (but may be permitted under Section 11.2.2 (c)); or AmericasActive:11137715.3 (c) the transferring Member has provided the other Members with an Offer under Section 11.8 and the other Member has declined to purchase the Interest pursuant to that Section. Any Transfer under Sections 11.2.2(a), (b) or (c) above is referred to in this Agreement as a “Permitted Transfer.” Notwithstanding satisfaction of the conditions and restrictions set forth in Section 11.3, a transferee of a Permitted Transfer shall only be entitled to the rights of an unadmitted assignee pursuant to Section 11.5 until such time as the transferee is admitted as a substituted Member pursuant to Section 11.6.