Common use of Effective Date of Permitted Transfers Clause in Contracts

Effective Date of Permitted Transfers. Any permitted transfer of all or any portion of a Membership Interest or an Economic Interest shall be effective as of the last day of the calendar quarter following the date upon which the requirements of Sections 7.1, 7.2 and 7.3 have been met. Any transferee of a Membership Interest shall take such Interest subject to the restrictions on transfer imposed by this Agreement.

Effective Date of Permitted Transfers. Any permitted transfer Transfer of all or any portion of a Membership Interest or an Economic Interest other than pursuant to section 7.10 shall be effective as of midnight of the last day of the calendar quarter month following the date upon on which the applicable requirements of Sections either sections 7.1, 7.2 7.2, 7.3 and 7.3 7.4 or section 7.5, as the case may be, shall have been met. Any transferee Transferee of a Membership Interest shall take and hold such Membership Interest subject to the restrictions on transfer Transfer imposed by this Agreement.

Effective Date of Permitted Transfers. Any permitted transfer Transfer of all or any portion of a Membership Interest or an Economic Interest shall be effective as of the last day of the calendar quarter following the date upon month in which the requirements of Sections 7.1sections 8.1, 7.2 8.2 and 7.3 8.3 shall have been met. Any transferee of a Membership Interest shall take and hold such Membership Interest subject to the restrictions on transfer Transfer imposed by this Agreement.