Common use of Limitations on Disposition of Company Interests Clause in Contracts

Limitations on Disposition of Company Interests. Except as otherwise provided in this Article VIII or in connection with the Closing, Member shall not, directly or indirectly, Dispose of all or any part of its Company Interest or any of its rights or interests under this Agreement unless (i) the transferee is a Qualified Transferee and (ii) it first obtains the prior written consent of the Participant (which consent shall not be unreasonably withheld, delayed or conditioned). In addition, Member shall not Dispose of less than all of its Company Interest.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Limited Liability Company Operating Agreement

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Limitations on Disposition of Company Interests. Except as otherwise provided in this Article VIII or in connection with the Closing, Member shall not, directly or indirectly, Dispose of all or any part of its Company Interest or any of its rights or interests under this Agreement unless (i) the transferee is a Qualified Transferee and (ii) it first obtains the prior written consent of the Participant (which consent shall not be unreasonably withheld, delayed or conditioned, provided that the transferee is a Qualified Transferee). In addition, Member shall not Dispose of less than all of its Company Interest.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

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Limitations on Disposition of Company Interests. Except as otherwise provided in this Article VIII or in connection with the Closing, the Member shall not, directly or indirectly, Dispose of all or any part of its Company Interest or any of its rights or interests under this Agreement unless (i) the transferee is a Qualified Transferee and (ii) it first obtains the prior written consent of the Participant (which consent shall not be unreasonably withheld, delayed or conditioned). In addition, the Member shall not Dispose of less than all of its Company Interest.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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