Common use of Conditions for Permissible Voluntary Transfer; Substitution Clause in Contracts

Conditions for Permissible Voluntary Transfer; Substitution. A permitted transfer of any Members Interest shall only be granted as to the Members Economic Interest unless the Manager accepts a permitted transferee (Transferee) as a Substitute Member. A permitted Transferee shall become a Substitute Member only on satisfaction of all of the following conditions: * Filing of a duly executed and acknowledged written instrument of assignment in a form approved by the Manager specifying the Members Percentage Interest being assigned and setting for the intention of the assignor that the permitted assignee succeed to the assignors Economic Interests (or the portion thereof) and/or its Interest as a Member; * Execution, acknowledgement and delivery by the assignor and assignee of any other instruments reasonably required by the Manager including an agreement of the permitted assignee to be bound by the provisions of this Agreement; and * The Managers approval of the Transferees or assignees admission to the Company as a Substitute Member and concurrent and complete Disassociation of all of the Membership and Economic Interests of the Transferor.

Conditions for Permissible Voluntary Transfer; Substitution. A permitted transfer of any Members Member’s Interest shall only be granted as to the Members Member’s Economic Interest unless the Manager accepts a permitted transferee (Transferee) as a Substitute Member. A permitted Transferee shall become a Substitute Member only on satisfaction of all of the following conditions: * · Filing of a duly executed and acknowledged written instrument of assignment in a form approved by the Manager specifying the Members Member’s Percentage Interest being assigned and setting for forth the intention of the assignor that the permitted assignee succeed to the assignors assignor’s Economic Interests Interest (or the portion thereof) and/or its Interest as a Member; * · Execution, acknowledgement acknowledgment and delivery by the assignor and assignee of any other instruments reasonably required by the Manager including an agreement of the permitted assignee to be bound by the provisions of this Agreement; and * · The Managers Manager’s approval of the Transferees Transferee’s or assignees assignee’s admission to the Company as a Substitute Member and concurrent and complete Disassociation of all of the Membership and Economic Interests of the Transferor. 11.4.1 Transfer of a Member’s Interest to an Affiliate

Conditions for Permissible Voluntary Transfer; Substitution. A permitted transfer of any Members Member’s Interest shall only be granted as to the Members Member’s Economic Interest unless the Manager accepts a permitted transferee (Transferee) as a Substitute Member. A permitted Transferee shall become a Substitute Member only on satisfaction of all of the following conditions: * · Filing of a duly executed and acknowledged written instrument of assignment in a form approved by the Manager specifying the Members Member’s Percentage Interest being assigned and setting for forth the intention of the assignor that the permitted assignee succeed to the assignors assignor’s Economic Interests Interest (or the portion thereof) and/or its Interest as a Member; * · Execution, acknowledgement acknowledgment and delivery by the assignor and assignee of any other instruments reasonably required by the Manager including an agreement of the permitted assignee to be bound by the provisions of this Agreement; and * · The Managers Manager’s approval of the Transferees Transferee’s or assignees assignee’s admission to the Company as a Substitute Member and concurrent and complete Disassociation of all of the Membership and Economic Interests of the Transferor.

Conditions for Permissible Voluntary Transfer; Substitution. A permitted transfer of any Members Member’s Interest shall only be granted as to the Members Member’s Economic Interest unless the Manager accepts a permitted transferee (Transferee) as a Substitute Member. A permitted Transferee shall become a Substitute Member only on satisfaction of all of the following conditions: * · Filing of a duly executed and acknowledged written instrument of assignment in a form approved by the Manager specifying the Members Member’s Percentage Interest being assigned and setting for forth the intention of the assignor that the permitted assignee succeed to the assignors assignor’s Economic Interests Interest (or the portion thereof) and/or its Interest as a Member; * · Execution, acknowledgement acknowledgment and delivery by the assignor and assignee of any other instruments reasonably required by the Manager including an agreement of the permitted assignee to be bound by the provisions of this Agreement; and * · The Managers Manager’s approval of the Transferees Transferee’s or assignees assignee’s admission to the Company as a Substitute Member and concurrent and complete Disassociation of all of the Membership and Economic Interests of the Transferor.

Conditions for Permissible Voluntary Transfer; Substitution. A permitted transfer of any Members Member’s Interest shall only be granted as to the Members Member’s Economic Interest unless the Manager accepts a permitted transferee (Transferee) as a Substitute Member. A permitted Transferee shall become a Substitute Member only on satisfaction of all of the following conditions: * Paradyme Equities, LLC Company Agreement · Filing of a duly executed and acknowledged written instrument of assignment in a form approved by the Manager specifying the Members Member’s Percentage Interest being assigned and setting for forth the intention of the assignor that the permitted assignee succeed to the assignors assignor’s Economic Interests Interest (or the portion thereof) and/or its Interest as a Member; * · Execution, acknowledgement acknowledgment and delivery by the assignor and assignee of any other instruments reasonably required by the Manager including an agreement of the permitted assignee to be bound by the provisions of this Agreement; and * · The Managers Manager’s approval of the Transferees Transferee’s or assignees assignee’s admission to the Company as a Substitute Member and concurrent and complete Disassociation of all of the Membership and Economic Interests of the Transferor.

Conditions for Permissible Voluntary Transfer; Substitution. A permitted transfer of any Members Member’s Interest shall only be granted as to the Members Member’s Economic Interest unless the Manager accepts a permitted transferee (Transferee) as a Substitute Member. A permitted Transferee shall become a Substitute Member only on satisfaction of all of the following conditions: * Tulsa Real Estate Fund, LLC 25 Company Agreement · Filing of a duly executed and acknowledged written instrument of assignment in a form approved by the Manager specifying the Members Member’s Percentage Interest being assigned and setting for forth the intention of the assignor that the permitted assignee succeed to the assignors assignor’s Economic Interests Interest (or the portion thereof) and/or its Interest as a Member; * · Execution, acknowledgement acknowledgment and delivery by the assignor and assignee of any other instruments reasonably required by the Manager including an agreement of the permitted assignee to be bound by the provisions of this Agreement; and * · The Managers Manager’s approval of the Transferees Transferee’s or assignees assignee’s admission to the Company as a Substitute Member and concurrent and complete Disassociation of all of the Membership and Economic Interests of the Transferor. 11.4.1 Transfer of a Member’s Interest to an Affiliate

Conditions for Permissible Voluntary Transfer; Substitution. A permitted transfer of any Members Interest shall only be granted as to the Members Economic Interest unless the Manager accepts a permitted transferee (Transferee) as a Substitute Member. A permitted Transferee shall become a Substitute Member only on satisfaction of all of the following conditions: * Filing of a duly executed and acknowledged written instrument of assignment in a form approved by the Manager Manger specifying the Members Percentage Interest being assigned and setting for the intention of the assignor that the permitted assignee succeed to the assignors Economic Interests (or the portion thereof) and/or its Interest as a Member; * Execution, acknowledgement and delivery by the assignor and assignee of any other instruments reasonably required by the Manager including an agreement of the permitted assignee to be bound by the provisions of this Agreement; and * The Managers approval of the Transferees or assignees admission to the Company as a Substitute Member and concurrent and complete Disassociation of all of the Membership and Economic Interests of the Transferor.