Conditions to Transfers. A Member shall be entitled to make a Transfer of all or any portion of its Interests pursuant to Section 9.2(a)(iii) only upon the Managers' determination, which determination the Managers shall make in their sole and absolute discretion, that the Transfer meets each of the following conditions:
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Fund Iii LLC), Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC), Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC)
Conditions to Transfers. A Member shall be entitled to make a Transfer of all or any portion of its Interests pursuant to Section 9.2(a)(iii11.2(a) only upon the Managers' ’ determination, which determination the Managers shall make in their sole and absolute discretion, that the Transfer meets each of the following conditions:
Appears in 1 contract
Samples: Operating Agreement (Excelsior Buyout Investors LLC)
