General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 or in accordance with the procedures described in Sections 10.3, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
General Restrictions on Transfer. (a) (i) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, Sections 10.2 or 10.6 10.6, or in accordance with the procedures described in Sections 10.3, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
General Restrictions on Transfer. (a) 9.1.1 Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, that such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 § 9.2 or in accordance with the procedures described in Sections 10.3§ 9.3, 10.4 or 10.5 as applicable. Notwithstanding No Transfer of Units to a Person not already a Member of the foregoing or anything Company shall be deemed completed until the prospective Transferee is admitted as a Substitute Member of the Company in this Agreement to the contrary:accordance with § 9.4.2 hereof.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Forterra, Inc.)
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, that such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 9.02 or in accordance with the procedures described in Sections 10.3, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:Section 9.03 and Section 9.04.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, that such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 9.02 or in accordance with the procedures described in Sections 10.3Section 9.03 and Section 9.04.; provided, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:however, that
Appears in 1 contract
Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC)
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified an Initial Public Offering, such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 10.02 or in accordance with the procedures described in Sections 10.3, 10.4 or 10.5 Section 10.03 through Section 10.05 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Liquid Holdings Group LLC)
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 or in accordance with the procedures described in Sections 10.3in, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:,
Appears in 1 contract
General Restrictions on Transfer. (a) Each Member other than the Managing Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 10.02 or in accordance with the procedures described in Sections 10.3Section 10.03 and Section 10.04, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:.
Appears in 1 contract
Samples: Limited Liability Company Agreement
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 11.02 or in accordance with the procedures described in Sections 10.3Section 11.03 through Section 11.06, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:,
Appears in 1 contract
Samples: Limited Liability Company Agreement (Longeveron LLC)
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 10.02 or in accordance with the procedures described in Sections 10.3Section 10.03 through Section 10.07, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:,
Appears in 1 contract
Samples: Limited Liability Company Operatng Agreement (Helpful Alliance Co)
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, that such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as permitted pursuant to Section 3.8, this Section 10.1, 10.2 or 10.6 10.02 or in accordance with the procedures described in Sections 10.3Section 10.03 through Section 10.05, 10.4 or 10.5 as applicable. Notwithstanding the foregoing or anything in this Agreement to the contrary:,
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)
General Restrictions on Transfer. (a) Each Member acknowledges and agrees that, until the consummation of a Qualified Public Offering, that such Member (or any Permitted Transferee of such Member) shall not Transfer any Units or Unit Equivalents except as may be approved by a Majority in Interest of the Members (which consent shall not be unreasonably withheld), as permitted pursuant to Section 3.8, this 8.02 or Section 10.1, 10.2 or 10.6 8.03 or in accordance with the procedures described in Sections 10.3Section 8.04 or Section 8.05, 10.4 or 10.5 as applicable. Notwithstanding No Transfer of Units shall be deemed completed until the foregoing or anything prospective Transferee is admitted as a Member of the Company in this Agreement to the contrary:accordance with Section 2.04(c).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Capstone Therapeutics Corp.)