Common use of INVOLUNTARY TRANSFERS OF UNITS Clause in Contracts

INVOLUNTARY TRANSFERS OF UNITS. (a) Any Member shall give written notice to the Company, if such Member (the "Transferor Member"): (i) is deemed to have involuntarily withdrawn from the Company under the terms of Section 6.12 of this Agreement; (ii) becomes the subject of a proceeding under the U.S. Bankruptcy Code, or if a trustee, receiver, liquidator, or other representative of the Member's personal or business assets is or may be appointed; or (iii) becomes insolvent or makes an assignment for the benefit of the Member's creditors; or (iv) becomes involved in any other proceeding or commits any other act by which such Member, or a trustee, receiver, liquidator, or other representative of such Member, is or may be permitted or required to acquire or convey all or any portion of such Member's Units.

INVOLUNTARY TRANSFERS OF UNITS. (a) Any Member shall give written notice to the Company, if such If any Member (the "Transferor Member"): (i) is deemed to have involuntarily withdrawn from the Company under the terms of Section 6.12 of this Agreement; (ii) becomes the subject of any judicial proceeding, including a proceeding under the U.S. Bankruptcy Code, or if a trustee, receiver, liquidator, or other representative of the Member's personal or business assets is or may be appointed; or (iii) becomes insolvent or makes an assignment for the benefit of the Member's creditors; or (iv) becomes involved in any other proceeding or commits any other act by which such Member, or a trustee, receiver, liquidator, or other representative of such Member, is or may be permitted or required to acquire or convey all or any portion of such Member's Units, such Member shall give written notice to the Company.

INVOLUNTARY TRANSFERS OF UNITS. (a) Any Member shall give written notice to the Company, if such If any Member (the "Transferor Member"): (i) is deemed to have involuntarily withdrawn from the Company under the terms of Section 6.12 of this Agreement; (ii) becomes the subject of way judicial proceeding, including a proceeding under the U.S. Bankruptcy Code, or if a trustee, receiver, liquidator, or other representative of the Member's personal or business assets is or may be appointed; or (iii) becomes insolvent or makes an assignment for the benefit of the Member's creditors; or (iv) becomes involved in any other proceeding or commits any other act by which such Member, or a trustee, receiver, liquidator, or other representative of such Member, is or may be permitted or required to acquire or convey all or any portion of such Member's Units, such Member shall give written notice to the Company.