Common use of Direct and Indirect Transfers Clause in Contracts

Direct and Indirect Transfers. For purposes of this agreement, restrictions upon the sale, assignment or other transfer of a Member's interest shall extend to any direct or indirect transfer including, without limitation, an involuntary transfer such as a transfer pursuant to a foreclosure sale or a transfer resulting by operation of law.

Direct and Indirect Transfers. For purposes of this agreement, restrictions upon the sale, assignment or other transfer of a Member's interest shall extend to any direct or indirect transfer trans- fer including, without limitation, an involuntary transfer such as a transfer pursuant to a foreclosure sale or a transfer resulting re- sulting by operation of law.

Direct and Indirect Transfers. For purposes of this agreementAgreement, restrictions upon the sale, assignment or other transfer Transfer of a Member's interest shall Membership Interest will extend to any direct or indirect transfer including, without limitation, an Transfer and any involuntary transfer of such Membership Interest (such as a transfer pursuant to a foreclosure sale or a transfer resulting by operation of law).