Common use of Assignments of Units Clause in Contracts

Assignments of Units. Assignments of Units shall be made only on the books of the Company by the record holder of the Units in question, or by such record holder's attorney in fact who has been authorized by power of attorney duly executed by the record holder and filed with the Company, and on surrender of the certificate for such Units, if any, properly endorsed and the payment of all transfer taxes thereon, if any. All Units shall in all events be Assigned only upon and subject to all of the terms and conditions of this Agreement, including Sections 9.1 and 9.2 (with respect to Common Units and Class B Units) and Section 9.7 (with respect to Class A Units).

Appears in 5 contracts

Samples: Operating Agreement (Lincolnway Energy, LLC), Operating Agreement (Lincolnway Energy, LLC), Operating Agreement (Lincolnway Energy, LLC)

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