Common use of ASSIGNEE NOT SUBSTITUTED INVESTOR Clause in Contracts

ASSIGNEE NOT SUBSTITUTED INVESTOR. A person who is the assignee of all or any fraction of the Fund Interest of an Investor other than a Director, but does not become a Substituted Investor and desires to make a further assignment of such Fund Interest, shall be subject to all the provisions of this Article 13 to the same extent and in the same manner as any Investor desiring to make an assignment of such Investor's Fund Interest.

Appears in 5 contracts

Samples: Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC)

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