Assignability of Interests. a. Except as otherwise provided in this Article 7, no LLC Interest may be sold, assigned, transferred, pledged, hypothecated, given, exchanged, optioned or encumbered (each, a "Transfer"), and no Transfer in violation of this Agreement shall be binding upon the LLC.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Wilmington Trust Corp), Limited Liability Company Agreement (Wilmington Trust Corp), Wilmington Trust Corp
Assignability of Interests. a. (a) Except as otherwise provided in this Article 7, no LLC Interest of a Member may be sold, assigned, transferred, pledged, hypothecated, givengifted, exchanged, optioned optioned, liened or encumbered (each, a "Transfer"), ) and no Transfer in violation of this Agreement shall be binding upon the LLC.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Wilmington Trust Corp), Wilmington Trust Corp
