Common use of Members Rights to Transfer Clause in Contracts

Members Rights to Transfer. Subject to the terms of the relevant Vesting Agreement or other document pursuant to which LTIP Units are granted, a LTIP Unit Member may not transfer all or any portion of his or her LTIP Units.

Appears in 4 contracts

Samples: Operating Agreement (Wm Technology, Inc.), Limited Liability Company Agreement (Cano Health, Inc.), Limited Liability Company Agreement (ZoomInfo Technologies Inc.)

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Members Rights to Transfer. (a) Subject to the terms of the relevant Vesting Agreement or other document pursuant to which LTIP Units are granted, except in connection with the exercise of a LTIP Unit Redemption Right pursuant to Section 1.11, a Member (other than the Company) may not transfer all or any portion of his or her LTIP UnitsUnits without the prior written consent of the Manager, which consent may be given or withheld in the Manager’s sole and absolute discretion.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Cresco Labs Inc.), Limited Liabilitycompany Agreement (MedMen Enterprises, Inc.), Limited Liability Company Agreement

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