Assignments of Membership Interest. (a) No Non-Managing Member may sell, assign, pledge or otherwise transfer or encumber (collectively "transfer") all or any part of his interest in the Company, nor shall any Non-Managing Member have the power to substitute a transferee in his place as a substitute Non-Managing Member, without, in either event, having obtained the prior written consent of the Managing Member, which consent may be given or withheld in its sole discretion.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (WTNH Broadcasting Inc), Limited Liability Company Agreement (WTNH Broadcasting Inc), Limited Liability Company Agreement (Lin Holdings Corp)
Assignments of Membership Interest. (a) No Non-Managing Member may sell, assign, pledge or otherwise transfer or encumber (collectively "“transfer"”) all or any part of his interest in the Company, nor shall any Non-Managing Member have the power to substitute a transferee in his place as a substitute Non-Managing Member, without, in either event, having obtained the prior written consent of the Managing Member, which consent may be given or withheld in its sole discretion.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Linbenco Inc), Limited Liability Company Agreement (Lin Television Corp), Limited Liability Company Agreement (Lin Television Corp)
Assignments of Membership Interest. (a) No Non-Managing Member may sell, assign, pledge or otherwise transfer or encumber (collectively "transfer") all or any part of his its interest in the Company, nor shall any Non-Managing Member have the power to substitute a transferee in his its place as a substitute Non-Managing Member, without, in either event, having obtained the prior written consent of the Managing Member, which consent may be given or withheld in its sole discretion.
Appears in 4 contracts
Samples: Limited Liability (Lin Television of Texas Inc), Limited Liability (Lin Television of Texas Inc), Lin Television of Texas Inc
