Common use of General Restrictions on Transfers Clause in Contracts

General Restrictions on Transfers. Except as otherwise permitted in this Agreement, no Member may make or suffer to be made any transfer of all or any part of that Member’s Units in the Company to any Person. Any purported transfer other than as permitted in this Article IX shall be null and void and shall not be respected in any manner by the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Terra Investment Fund LLC)

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General Restrictions on Transfers. Except as otherwise permitted in this Agreement, no Member may make or suffer to be made any transfer (as defined in Article I) of all or any part of that Member’s Units in the Company to any Person. Any purported transfer other than as permitted in this Article IX shall be null and void and shall not be respected in any manner by the Company.

Appears in 1 contract

Samples: Operating Agreement (Terra Investment Fund LLC)

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General Restrictions on Transfers. Except as may otherwise be permitted in under this Agreement, no Member may make or suffer to be made any transfer Transfer (as defined in Article I) of all or any part of that Member’s Units Membership Interest in the Company to any other Person. Any purported transfer other than as permitted in this Article IX shall be null and void and shall not be respected in any manner by the Company.

Appears in 1 contract

Samples: Operating Agreement (Hamm Harold)

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