Common use of Effect of Transfer of Interest Clause in Contracts

Effect of Transfer of Interest. Upon the Transfer of any interest in the Company in accordance with the provisions of this Article 7, the transferee of such interest shall own and hold such interest in the Company as a transferee, subject to all the terms, conditions, and limitations of this Agreement, including without limitation restriction on any further Transfer of such interest as provided in this Article 7. Consent to such Transfer shall not constitute consent to the admission of the transferee as a Member of the Company. A transferee may become a Member only in accordance with the provisions of Section 8.1. Unless a transferee is admitted to the Company as a Member in accordance with the provisions of Section 8.1, such transferee shall not be entitled to any of the rights or benefits of a Member hereunder except the right to the share of profits and losses and distributions of assets based on the transferee's Percentage of Interest. Without limiting the generality of the preceding sentence, such transferee shall have no right (i) to vote upon, approve, or consent to, any matter requiring the vote, approval or consent of the Members, or (ii) to receive any information from the Company of the kind to which Members are entitled, or any other information.

Effect of Transfer of Interest. Upon the Transfer of any interest in the Company in accordance with the provisions of this Article 7VII, the transferee of such interest shall own and hold such interest in the Company as a transferee, subject to all the terms, conditions, and limitations of this Agreement, including without limitation restriction on any further Transfer of such interest as provided in this Article 7VII. Consent to such Transfer shall not constitute consent to the admission of the transferee as a Member of the Company. A transferee may become a Member only in accordance with the provisions of Section 8.1. Unless a transferee is admitted to the Company as a Member in accordance with the provisions of Section 8.1, such transferee shall not be entitled to any of the rights or benefits of a Member hereunder except the right to the share of profits and losses and distributions of assets based on the transferee's Percentage of Interest. Without limiting the generality of the preceding sentence, such transferee shall have no right (i) to vote upon, approve, or consent to, any matter requiring the vote, approval or consent of the Members, or (ii) to receive any information from the Company of the kind to which Members are entitled, or any other information.. Company Agreement Dutch Fork Capital LLC

Effect of Transfer of Interest. Upon the Transfer of any interest in the Company in accordance with the provisions of this Article 7VII, the transferee of such interest shall own and hold such interest in the Company as a transferee, subject to all the terms, conditions, and limitations of this Agreement, including without limitation restriction on any further Transfer of such interest as provided in this Article 7VII. Consent to such Transfer shall not constitute consent to the admission of the transferee as a Member of the Company. A transferee may become a Member only in accordance with the provisions of Section 8.1. Unless a transferee is admitted to the Company as a Member in accordance with the provisions of Section 8.1, such transferee shall not be entitled to any of the rights or benefits of a Member hereunder except the right to the share of profits and losses and distributions of assets based on the transferee's Percentage of Interest. Without limiting the generality of the preceding sentence, such transferee shall have no right (i) to vote upon, approve, or consent to, any matter requiring the vote, approval or consent of the Members, or (ii) to receive any information from the Company of the kind to which Members are entitled, or any other information.. Company Agreement Canyon Ferry Capital LLC