MISCELLANEOUS SECURITIES ISSUES Sample Clauses

MISCELLANEOUS SECURITIES ISSUES. 1Prohibited “Market” Transfers. Each Memberhereby covenantsand agrees withthe Companyforthebenefit oftheCompany and all other Members that (a) it is not currently making a market in Membership Interests; (b) it will not transfer any Membership Interest upon an established securities market or a secondary market (or the substantial equivalent) within the meaning of Code Section 7704(b) (and any regulations, proposed regulations, revenue rulings or other official pronouncements of the Internal Revenue Service or Treasury Department that may be promulgated or published), and (c) in the event such regulations, revenue rulings, or other pronouncements treat any or all arrangements which facilitate the selling of a Membership Interest which are commonly referred to as “Matching Services” as being a secondary market or the substantial equivalent thereof, the Member will not transfer any Membership Interest through a Matching Service that is not approved in advance by the Company.