Common use of No Disposition in Violation of Law Clause in Contracts

No Disposition in Violation of Law. Without limiting the representations set forth above, and without limiting the other provisions of this Agreement relating to the transfer of Membership Interests, such Member will not make any disposition of all or any part of the Membership Interest which will result in the violation by such Member or by the Company of any applicable securities laws.

Appears in 3 contracts

Samples: Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Playboy Enterprises Inc), Operating Agreement (Claxson Interactive Group Inc)

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No Disposition in Violation of Law. Without limiting the representations set forth above, and without limiting above or the other provisions of this Agreement relating to Agreement, the transfer of Membership Interests, such Member will not make any disposition of all or any part of the Membership Interest Member’s Units which will result in the violation by such the Member or by the Company of the Securities Act 1933 or of any other applicable securities laws.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Operating Agreement

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