Assignment of Units. Except as otherwise provided herein, a Member may not assign the Member’s Interest in the Company. Any Person who becomes an unadmitted Assignee by operation of this Agreement shall not become a Member of the Company and shall have no right to: (i) become a Member; (ii) exercise any Membership Rights other than those specifically pertaining to ownership of a Membership Interest; or (iii) act as an agent of the Company, except as otherwise provided in Section 8.3(f) herein.
Appears in 5 contracts
Samples: Operating Agreement (John D. Oil & Gas Co), Operating Agreement (John D. Oil & Gas Co), Operating Agreement (John D. Oil & Gas Co)
