Conditions of Transfer and Assignment. A transferee of a Membership Interest pursuant to Section 12.1 or 12.2 shall become a Member only if the following conditions have been satisfied:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)
Conditions of Transfer and Assignment. A transferee of a Membership Interest pursuant to Section 12.1 or 12.2 shall become a Member only if the following conditions have been satisfied:
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement