Limitations on Assignments of Interests by Members. (a) Except as provided in Section 8.1(b) and Section 8.2, no Member shall Transfer (as hereinafter defined) all or any portion of its Interest or permit such a Transfer or contract to do so, without the consent of each of the Managing Members (which consent may be withheld in such Managing Member's sole discretion for any reason or no reason) and in strict compliance with the provisions of this Article VIII. As used herein "
Appears in 2 contracts
Samples: Execution Version (Wellsford Real Properties Inc), Limited Liability Company Operating Agreement (Whwel Real Estate Lp)
Limitations on Assignments of Interests by Members. (a) Except as provided in Section 8.1(b) and Section 8.2, no Member shall Transfer (as hereinafter defined) all or any portion of its Interest or permit such a Transfer or contract to do so, without the consent of each of the Managing Initial Members (which consent may be withheld in such Managing Initial Member's sole discretion for any reason or no reason) and in strict compliance compli- ance with the provisions of this Article VIII. As used herein "
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Wellsford Real Properties Inc), Limited Liability Company Operating Agreement (Wellsford Real Properties Inc)
Limitations on Assignments of Interests by Members. (a) Except as provided in Section 8.1(b) and Section 8.2, no Member shall Transfer (as hereinafter defined) all or any portion of its Interest or permit such a Transfer or contract to do so, without the consent of each of the Managing Initial Members (which consent may be withheld in such Managing Initial Member's sole discretion for any reason or no reason) and in strict compliance with the provisions of this Article VIII. As used herein "
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Whwel Real Estate Lp)
