Common use of Assignment of Limited Liability Company Interests Clause in Contracts

Assignment of Limited Liability Company Interests. Interests in the Company may be assignable and transferable. Any transferee shall not be admitted as a member unless and until the transferee has executed a counterpart of this Agreement and members then admitted consent unanimously to the admission of the transferee.

Assignment of Limited Liability Company Interests. Interests in the Company may be assignable and transferable. Any assignment or transfer of a member's Interest in the Company, except those to subsidiaries or affiliates of members, must receive the consent of all of the members. Any transferee shall not be admitted as a substituted member unless and until the transferee has executed a counterpart of this Agreement and members then admitted consent unanimously to the admission of the transfereeLLC Agreement.