Common use of Effective Date of Transfers Clause in Contracts

Effective Date of Transfers. Any Transfer of all or any portion of a Membership Interest shall be effective as of the first day of the month following the date upon which the requirements of Sections 7.1, 7.2 and 7.3 have been met. The Manager shall provide the Members with written notice of such Transfer as promptly as possible after the requirements of Sections 7.1, 7.2 and 7.3 have been met. Any transferee of a Membership Interest shall take subject to the restrictions on Transfer imposed by this Agreement.

Effective Date of Transfers. Any Transfer transfer of all or any portion of a Membership Interest or an Economic Interest shall be effective as of the first day of the month date provided in Section 6.4 following the date upon which the requirements of Sections 7.1, Section 7.1 and Section 7.2 and 7.3 have been met. The Manager shall provide the Members with written notice of such Transfer transfer as promptly as possible after the requirements of Sections 7.1, 7.1 and 7.2 and 7.3 have been met. Any transferee of a Membership Interest shall take subject to the restrictions on Transfer transfer imposed by this Agreement.

Effective Date of Transfers. Any Transfer transfer of all or any portion of a Membership Interest or an Economic Interest shall be effective as of the first day of the month date provided in Section 6.4 following the date upon which the requirements of Sections 7.1, Section 7.1 and 7.2 and 7.3 have been met. The Manager Controlling Member shall provide the Members with written notice of such Transfer transfer as promptly as possible after the requirements of Sections 7.1, 7.1 and 7.2 and 7.3 have been met. Any transferee of a Membership Interest shall take subject to the restrictions on Transfer transfer imposed by this Agreement.