Common use of General Restrictions on Transfers Clause in Contracts

General Restrictions on Transfers. A Member may not Transfer its Units. Any Transfer, attempted Transfer, or purported Transfer in violation of this Operating Agreement’s terms and conditions shall be null and void. It is the intent of the Members that there be an absolute bar on transfer of a Member’s Units and, if this Section 7.01 is construed by any court, law or regulation so as to permit a Transfer, such Transfer shall be an event of dissolution.

General Restrictions on Transfers. A Member may not Transfer all --------------------------------- or any portion of its UnitsPercentage Interest. Any Transfer, attempted Transfer, or purported Transfer in violation of this Operating Agreement’s 's terms and conditions shall be null and void. It is the intent of the Members that there be an absolute bar on transfer of a Member’s Units and, if this Section 7.01 is construed by any court, law or regulation so as to permit a Transfer, such Transfer shall be an event of dissolution.

General Restrictions on Transfers. A Member may not Transfer its Units. Any Transfer, attempted Transfer, or purported Transfer in violation of this Operating Agreement’s terms and conditions shall be null and void. It is the intent of the Members that there be an absolute bar on transfer of a Member’s Units and, if this Section 7.01 6.01 is construed by any court, law or regulation so as to permit a Transfer, such Transfer shall be an event of dissolution.

General Restrictions on Transfers. A Member may not Transfer its UnitsMembership Interest or any part thereof or interest therein except in accordance with and subject to the terms of this Operating Agreement. Any Transfer, attempted Transfer, or purported Transfer in violation of this Operating Agreement’s 's terms and conditions shall be null and void. It is the intent of the Members that there be an absolute bar on transfer of a Member’s Units and, if this Section 7.01 is construed by any court, law or regulation so as to permit a Transfer, such Transfer shall be an event of dissolution.