Common use of Directed Fund Membership is non-transferable Clause in Contracts

Directed Fund Membership is non-transferable. non-salable and non-assignable, except a Member may transfer its current Membership benefits and obligations to a successor of substantially all of its business or assets, whether by merger, sale or otherwise; provided that the transferee agrees to be bound by this Charter and the Bylaws and policies required by LF membership.

Directed Fund Membership is non-transferable. non-salable and non-assignable, except a Member may transfer its current Membership benefits and obligations to a successor of substantially all of its business or assets, whether by merger, sale or otherwise; provided otherwise that the transferee agrees to be bound by this Charter and the Bylaws and policies required by LF membershipis, or upon such transfer becomes, a member of The Linux Foundation.

Directed Fund Membership is non-transferable. non-salable and non-assignable, except a Member may transfer its current Membership benefits and obligations to a successor of substantially all of its business or assets, whether by merger, sale or otherwise; provided that the transferee agrees to be bound by this Charter and the Bylaws and policies required by LF membership.

Directed Fund Membership is non-transferable. non-salable and non-assignable, except a Member may transfer its current Membership benefits and obligations to a successor of substantially all of its business or assets, whether by merger, sale or otherwiseotherwise that is, or upon such transfer becomes, a member of The Linux Foundation; provided that the transferee agrees to be bound by this Charter and the Bylaws and policies required by LF membership.