Common use of Mandatory Conditions to Transfer Clause in Contracts

Mandatory Conditions to Transfer. The Company must be reasonably satisfied that all of the following conditions are met before a Member can effect any Transfer, regardless of whether the right of first refusal set forth in Section 6.2.1 applies to such Transfer:

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Mandatory Conditions to Transfer. The Company must be reasonably satisfied that all of the following conditions are met before a Member can effect any Transfer, regardless of whether the right of first refusal set forth in Section 6.2.1 applies to such Transfer:

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Mandatory Conditions to Transfer. The Company must be reasonably satisfied that all of the following conditions are met before a Member can effect any Transfer, regardless of whether the right of first refusal set forth in Section 6.2.1 7.2 applies to such Transfer:: (a) The Transfer, alone or in combination with other Transfers, will not result in the Company's termination for federal income tax purposes, unless such Transfer has been consented to by the Members by Majority Vote;

Appears in 1 contract

Samples: Operating Agreement (Slingshot USA LLC)

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Mandatory Conditions to Transfer. The Company must be reasonably satisfied that all of the following conditions are met before a Member can effect any Transfer, regardless of whether the right of first refusal set forth in Section 6.2.1 applies to such Transfer:Section

Appears in 1 contract

Samples: Operating Agreement

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