Dispositions and Encumbrances of Units by Members. No Member shall Transfer any Unit held by such Member without the written consent of the Management Member.
Dispositions and Encumbrances of Units by Members
Dispositions and Encumbrances of Units by Members Sample Clauses
Related to Dispositions and Encumbrances of Units by Members
Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred.
