Limitations on Transfers and Redemptions of Company Units. 25 10.1 Transfers of Units 25 10.1.1 General 25 10.1.2 Consent of Company 25 10.1.3 Required Representations by Parties 25 10.1.4 Other Prohibited Legal Consequences 25 10.1.5 Opinion of Counsel 26 10.1.6 Reimbursement of Transfer Expenses 26 10.2 Admission of Substituted Members 26 10.2.1 General 26 10.2.2 Effect of Admission 27 10.2.3 Non-Compliant Transfer 27 10.3 Multiple Ownership 27 10.4 Adviser’s Interest upon Removal 27 10.5 Spin-Off 27
Limitations on Transfers and Redemptions of Company Units. 22 10.1 Transfers of Units 22 10.1.1 General 22 10.1.2 Consent of Company 22 10.1.3 Required Representations by Parties 22 10.1.4 Other Prohibited Legal Consequences 22 10.1.5 Opinion of Counsel 22 10.1.6 Reimbursement of Transfer Expenses 22 10.2 Admission of Substituted Members 23 10.2.1 General 23 10.2.2 Effect of Admission 23 10.2.3 Non-Compliant Transfer 23 10.3 Multiple Ownership 23 10.4 Adviser’s Interest upon Removal 24 10.5 Spin-Off 24 ARTICLE 11 — EXCULPATION AND INDEMNIFICATION 24 11.1 Exculpation 24 11.1.1 General 24 11.1.2 Activities of Others 25 11.1.3 Liquidator 25 11.1.4 Advice of Experts 25 11.2 Indemnification 25 11.2.1 General 25 11.2.2 Effect of Judgment 26 11.2.3 Effect of Settlement 26 11.2.4 Process; Advance Payment of Expenses 26 11.2.5 Insurance 27 11.2.6 Successors and Survival 27 11.2.7 Rights to Indemnification from Other Sources 27 11.2.8 Insurance and Other Sources for Indemnity 27 11.3 Limitation by Law 28 11.4 Return of Certain Distributions 28 ARTICLE 12 AMENDMENTS 29 12.1 Amendments 29 Confidential & Proprietary Subject to Completion
Limitations on Transfers and Redemptions of Company Units. 21 11.1 Transfers of Interests. 21 11.1.1 General. 21 11.1.2 Consent of Management Committee. 21
Limitations on Transfers and Redemptions of Company Units
