Common use of Attempted Transfer Without Consent Clause in Contracts

Attempted Transfer Without Consent. Any attempted Transfer other than a Permitted Transfer consummated in accordance with Section 4(d)(i) of this Exhibit C, will be deemed void ab initio and give Grantor the right, at its sole option, to terminate this Membership Agreement. If Grantor terminates this Membership Agreement, Grantor may reissue the Membership(s) associated with the Seat(s) on terms and conditions established by Grantor in its sole discretion (and Member shall receive the Repayment Amount in accordance with Section 3(b) of this Exhibit C). Member acknowledges and agrees that any subsequent reissuance by Xxxxxxx of a Membership(s) associated with the Seat(s) identified in this Membership Agreement following the termination hereof is for the benefit of a new member. If Grantor does not exercise its right to terminate the Membership(s), Grantor may elect to record the Transfer of the Membership(s) to the intended Transferee upon receipt of the applicable transfer fee and acceptance of the executed transfer form required by Grantor.

Appears in 1 contract

Samples: Membership Agreement

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Attempted Transfer Without Consent. Any attempted Transfer other than a Permitted Transfer consummated in accordance with Section 4(d)(i) of this Exhibit C), will be deemed void ab initio and give Grantor the right, at its sole option, to terminate this Membership Agreement. If Grantor terminates this Membership Agreement, Grantor may reissue the Membership(s) associated with the Seat(s) on terms and conditions established by Grantor in its sole discretion (and Member shall receive the Repayment Amount in accordance with Section 3(b) of this Exhibit C). Member acknowledges and agrees that any subsequent reissuance by Xxxxxxx Grantor of a Membership(s) associated with the Seat(s) identified in this Membership Agreement following the termination hereof is for the benefit of a new member. If Grantor does not exercise its right to terminate the Membership(s), Grantor may elect to record the Transfer of the Membership(s) to the intended Transferee upon receipt of the applicable transfer fee and acceptance of the executed transfer form required by Grantor.

Appears in 1 contract

Samples: Membership Agreement

Attempted Transfer Without Consent. Any attempted Transfer other than a Permitted Transfer consummated in accordance with Section 4(d)(i) of this Exhibit C, will be deemed void ab initio and give Grantor the right, at its sole option, to terminate this Membership Agreement. If Grantor terminates this Membership Agreement, Grantor may reissue the Membership(s) associated with the Seat(s) on terms and conditions established by Grantor in its sole discretion (and Member shall receive the Repayment Amount in accordance with Section 3(b) of this Exhibit C). Member acknowledges and agrees that any subsequent reissuance by Xxxxxxx Grantor of a Membership(s) associated with the Seat(s) identified in this Membership Agreement following the termination hereof is for the benefit of a new member. If Grantor does not exercise its right to terminate the Membership(s), Grantor may elect to record the Transfer of the Membership(s) to the intended Transferee upon receipt of the applicable transfer fee and acceptance of the executed transfer form required by Grantor.

Appears in 1 contract

Samples: Membership Agreement

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Attempted Transfer Without Consent. Any attempted Transfer other than a Permitted Transfer consummated in accordance with Section 4(d)(i) of this Exhibit C), will be deemed void ab initio and give Grantor the right, at its sole option, to terminate this Membership Agreement. If Grantor terminates this Membership Agreement, Grantor may reissue the Membership(s) associated with the Seat(s) on terms and conditions established by Grantor in its sole discretion (and Member shall receive the Repayment Amount in accordance with Section 3(b) of this Exhibit C). Member acknowledges and agrees that any subsequent reissuance by Xxxxxxx of a Membership(s) associated with the Seat(s) identified in this Membership Agreement following the termination hereof is for the benefit of a new member. If Grantor does not exercise its right to terminate the Membership(s), Grantor may elect to record the Transfer of the Membership(s) to the intended Transferee upon receipt of the applicable transfer fee and acceptance of the executed transfer form required by Grantor.

Appears in 1 contract

Samples: Membership Agreement

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