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 interest in the Company. The transferee shall automatically become a substitute Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Community Health Investment CORP)

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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 interest in the Company. The transferee Any successor-in-interest to the Member shall automatically become a substitute Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Ashland LLC)

Assignment of Member’s Interest. The Member may freely sell, assign, transfer, pledge, hypothecate, encumber or otherwise dispose of the Member’s interest in the Company. The transferee Upon the dissolution of the Member, the successor-in-interest to the Member shall automatically become a substitute Member.

Appears in 1 contract

Samples: Operating Agreement (THM Homes Inc)

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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 interest in the Company. The transferee “Upon the dissolution of the Member, the successor-in-interest to the Member shall automatically become a substitute Member.

Appears in 1 contract

Samples: Operating Agreement (THM Homes Inc)

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