Common use of Further Restrictions on Transfer Clause in Contracts

Further Restrictions on Transfer. Notwithstanding any contrary provision in this Agreement, any otherwise permitted Transfer shall be null and void if: 9.5.1 except as provided in Section 9.3.10, such Transfer requires the registration of such Transferred Interest pursuant to any applicable federal or state securities laws; 9.5.2 such Transfer causes the Company to become a “publicly traded partnership,” as such term is defined in Section 7704(b) of the Code; 9.5.3 such Transfer subjects the Company to regulation under the Investment Company Act, the Investment Advisers Act or the Employee Retirement Income Security Act of 1974, as amended; 9.5.4 such Transfer results in a violation of Applicable Laws; or 9.5.5 such Transfer is made to any Person who lacks the legal right, power or capacity to own such Interest.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Advanced Micro Devices Inc), Limited Liability Company Operating Agreement (Advanced Micro Devices Inc)

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Further Restrictions on Transfer. Notwithstanding any contrary provision in this Agreement, any otherwise permitted Transfer shall be null and void if: 9.5.1 except as provided in Section 9.3.10, 7.2.1 such Transfer requires the registration of such Transferred Membership Interest pursuant to any applicable federal or state securities laws; 9.5.2 7.2.2 such Transfer causes the Company to become a “publicly traded partnership,” as such term is defined in Section 7704(b) of the Code; 9.5.3 7.2.3 such Transfer subjects the Company to regulation under the Investment Company Act, the Investment Advisers Act or the Employee Retirement Income Security Act of 1974, as amended; 9.5.4 7.2.4 such Transfer results in a violation of Applicable Laws; or 9.5.5 7.2.5 such Transfer is made to any Person who lacks the legal right, power or capacity to own such Interest.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Spansion Technology LLC)

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Further Restrictions on Transfer. Notwithstanding any contrary provision in this Agreement, any otherwise permitted Transfer shall be null and void if: 9.5.1 except as provided in Section 9.3.10, 7.3.1 such Transfer requires the registration of such Transferred Interest pursuant to any applicable federal or state securities laws; 9.5.2 7.3.2 such Transfer causes would cause the Company to become a “publicly traded partnership,” as such term is defined in Section 7704(b) of the Code; 9.5.3 7.3.3 such Transfer subjects the Company to regulation under the Investment Company Act, the Investment Advisers Act or the Employee Retirement Income Security Act of 1974, as amended; 9.5.4 7.3.4 such Transfer results in a violation of Applicable Laws; or 9.5.5 7.3.5 such Transfer is made to any Person who lacks the legal right, power or capacity to own such Interest.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Bebe Stores, Inc.)

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