Common use of Assignments of Membership Interests Clause in Contracts

Assignments of Membership Interests. No Member's Membership Interest shall be assigned, mortgaged, pledged, subjected to a security interest or otherwise encumbered, in whole or in part, without the prior written consent of the Members, the granting or denying of which shall be in such other Members' sole discretion, and any attempt by a Member to assign its interest without such consent shall be void ab initio.

Assignments of Membership Interests. No Member's ’s Membership Interest shall be assigned, mortgaged, pledged, subjected to a security interest or otherwise encumbered, in whole or in part, without the prior written consent of the MembersManagers, the granting or denying of which shall be in such other Members' ’ sole discretion, and any attempt by a Member to assign its interest without such consent shall be void ab initio.