Common use of Assignment of Membership Interests Clause in Contracts

Assignment of Membership Interests. The Member may assign all or any portion of such Member’s interest in the Company at any time. Upon any such assignment, the assignee shall succeed to the rights and obligations of the Member in respect of its interests in the Company so transferred and (a) upon the assignment of 100% of the outstanding interest in the Company held by a single member to one or more assignees, each such assignee shall become a member of the Company; (b) upon any other assignment of an interest in the Company, such assignee shall become a member in the Company upon the consent of all members other than the assigning member or, if the assigning member shall be the sole member immediately prior to such assignment, upon the consent of such assigning member. Notwithstanding anything to the contrary contained herein, no such transfer of a Member’s interest in the Company shall operate to dissolve the Company.

Assignment of Membership Interests. The Member may assign all or any portion of such Member’s interest in the Company at any time. Upon any such assignment, the assignee shall succeed to the rights and obligations of the Member in respect of its interests in the Company so transferred and (ai) upon the assignment of 100% of the outstanding interest in the Company held by a single member to one or more assignees, each such assignee shall become a member of the Company; (bii) upon any other assignment of an interest in the Company, such assignee shall become a member in the Company upon the consent of all members other than the assigning member or, if the assigning member shall be the sole member immediately prior to such assignment, upon the consent of such assigning member. Notwithstanding anything to the contrary contained herein, no such transfer of a Membermember’s interest in the Company shall operate to dissolve the Company.

Assignment of Membership Interests. The Member may assign all or any portion of such Member’s interest in the Company at any time. Upon any such assignment, (i) the assignee shall succeed to the rights and obligations of the Member member in respect of its interests in the Company so transferred and interest transferred, (aii) upon the assignment of 100% of the outstanding interest in the Company held by a single member to one or more assignees, each such assignee shall become a member Member of the Company; , and (biii) upon any other assignment of an interest in the Company, such the assignee shall become a member Member in the Company upon the consent of all members Members other than the assigning member Member or, if the assigning member shall be the sole member immediately prior to such assignment, upon the consent of such the assigning memberMember. Notwithstanding anything to the contrary contained herein, no such transfer of a Member’s interest in the Company shall operate to dissolve the Company.