Common use of Assignment of Member’s Interest Clause in Contracts

Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s Units. If the member transfers all of its Units, the transferee of such Units shall automatically become a substitute Member in the place of the Member. The Board shall amend Exhibit A from time to time to reflect transfers made in accordance with this Section 14.2.

Appears in 102 contracts

Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC)

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Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s Units. If the member transfers all of its Units, the The transferee of such the Units shall automatically become a substitute Member in the place of the Member. The Board shall amend Exhibit A from time to time to reflect transfers made in accordance with this Section 14.2.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC), Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC), Limited Liability Company Agreement (Community Health Investment CORP)

Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s Members Units. If the member transfers all of its Units, the transferee of such Units shall automatically become a substitute Member in the place of the Member. The Board shall amend Exhibit A from time to time to reflect transfers made in accordance with this Section 14.2.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC), Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC)

Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s Units. If the member Member transfers all of its Units, the transferee of such Units shall automatically become a substitute Member in the place of the Member. The Board shall amend Exhibit A from time to time to reflect transfers made in accordance with this Section 14.2.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hospital of Fulton, Inc.), Operating Agreement (Scranton Quincy Hospital Company, LLC)

Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s Units. If the member transfers all of its Units, the transferee of such Units shall automatically become a substitute Member in the place of the Member. The Board shall amend Exhibit A from time lime to time to reflect transfers made in accordance with this Section 14.2.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Longview Clinic Operations Company, LLC)

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Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s Units. If the member transfers all of its Units, the transferee of such Units shall automatically become a substitute Member in the place of the Member. , The Board shall amend Exhibit A from time to time to reflect transfers made in accordance with this Section 14.2.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Longview Clinic Operations Company, LLC)

Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s Units. If the member transfers all of its Units, the transferee of such Units shall automatically become a substitute Member in the place of the Member. The Board shall amend Exhibit A from time to time lime to reflect transfers made in accordance with this Section 14.2.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC)

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