Common use of Directed 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 that is, or upon such transfer becomes, a member of The Linux Foundation.

Appears in 7 contracts

Samples: Directed Fund Participation Agreement, Directed Fund Participation Agreement, Directed Fund Participation Agreement

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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 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.

Appears in 2 contracts

Samples: Directed Fund Participation Agreement, Directed Fund Participation Agreement

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