Assignments of Company Interests. (a) No Member may sell, assign, pledge or otherwise transfer or encumber (collectively “transfer”) all or any part of its Interest in the Company, and no transferee of all or any part of the Interest of a Member shall be admitted as a substituted Member, without, in either event, having obtained the prior consent of all Managers. (b) The Managers shall amend Schedule I from time to time to reflect transfers made in accordance with, and as permitted under, this Section 10. Any purported transfer in violation of this Section 10 shall be null and void and shall not be recognized by the Company.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Westlake Chemical Corp), Limited Liability Company Agreement (Westlake Pipeline Investments LLC), Limited Liability Company Agreement (Westlake Pipeline Investments LLC)
