Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 hereof, such Person:
Appears in 5 contracts
Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company Interest by operation of law and without violation of Section 7.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person person or entity acquires an interest in the CompanyInterest, but is not admitted as a Substituted Member pursuant to Section 7.3 hereof10.3, such Personperson or entity:
Appears in 4 contracts
Samples: Operating Agreement (Columbia Equity Trust, Inc.), Operating Agreement (Columbia Equity Trust, Inc.), Operating Agreement (Columbia Equity Trust, Inc.)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 8.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Sections 8.4 or 8.5.9 hereof, then, subject to Section 7.3 8.5 hereof, such Person:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Whitney Information Network Inc), Limited Liability Company Agreement (Whitney Information Network Inc)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest a Membership Interest in the Company by operation of law and without violation of Section 7.1 hereof 8.1 (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 hereof8.2 or Section 8.6, then such Person:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Limoneira CO), Limited Liability Company Agreement (Limoneira CO)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person person or entity acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 hereof8.3, such Personperson or entity:
Appears in 1 contract
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Sections 7.2(a), 7.2(b) or 7.4, then, subject to Section 7.3 hereof7.5, such Person:
Appears in 1 contract
Samples: Operating Agreement (A & B II, Inc.)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 hereof7.2(a), 7.2(b) or 7.4, then, subject to Section 7.5, such Person:
Appears in 1 contract
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 8.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 8.4 hereof, then, subject to Section 8.5 hereof, such Person:
Appears in 1 contract
Samples: Operating Agreement (Udc Homes Inc)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 hereof 8.1 (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 hereof8.4, then subject to Sections 8.6 and 11, such Person:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Meritage Homes of North Carolina, Inc.)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 8.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 8.4 hereof, then, subject to Section 8.5 hereof, such Person:: 28
Appears in 1 contract
Samples: Operating Agreement (Udc Homes Inc)
Assignee of Member’s Interest. If, pursuant to a Transfer of an interest in the Company by operation of law and without violation of Section 7.1 8.1 hereof (or pursuant to a Transfer that the Company is required to recognize notwithstanding any contrary provisions of this Agreement), a Person acquires an interest in the Company, but is not admitted as a Substituted Member pursuant to Section 7.3 8.3 hereof, such Person:
Appears in 1 contract
