Assignment of Interest. The member may assign all or any portion of its membership interest in the Company to any person ("Assignee"). Each Assignee shall become a member of the Company upon the approval of the member.
Appears in 4 contracts
Samples: Operating Agreement (National Energy Group Inc), Operating Agreement (National Energy Group Inc), Operating Agreement (National Energy Group Inc)
Assignment of Interest. The member Subject to the provisions of the Operating Agreement, the Member may assign all or any portion of its membership interest in the Company to any person ("Assignee"). Each Assignee shall become a member of the Company upon the approval of the memberMember.
Appears in 2 contracts
Samples: Operating Agreement (Ace Gaming LLC), Operating Agreement (Atlantic Coast Entertainment Holdings Inc)
Assignment of Interest. The member may assign all or any portion of its membership interest in the Company to any person ("“Assignee"”). Each Assignee shall become a member of the Company upon the approval of the member.
Appears in 2 contracts
Samples: Operating Agreement (Aquarius Gaming LLC), Operating Agreement (Aquarius Gaming LLC)
Assignment of Interest. The member Subject to the provisions of this Operating Agreement, the Member may assign all or any portion of its membership interest in the Company to any person ("“Assignee"”). Each Assignee shall become a member of the Company upon the approval of the memberMember.
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Gaming Capital Partnership)
Assignment of Interest. The member Member may assign all or any portion of its membership Membership interest in the Company to any person ("Assignee"). Each Assignee shall become a member Member of the Company upon the approval occurrence of such assignment and shall have all of the memberrights and powers and shall be subject to all of the duties and obligations of Member from and after the time of such assignment.
Appears in 1 contract
