Common use of No Transfer of Interests Clause in Contracts

No Transfer of Interests. 9.1.1 Except as expressly permitted or contemplated by this Agreement, no Member may sell, assign, give, hypothecate, pledge, encumber or otherwise transfer ("TRANSFER") all or any portion of its Interest, whether directly or indirectly, without the written consent of the other Members. 9.1.2 Any Transfer by a Member of its Interest in contravention of this Article 9 shall be null and void. No Member shall withdraw from the Company except in connection with a Permitted Transfer or in accordance with Section 3.4.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Interstate Hotels Management Inc), Limited Liability Company Agreement (Interstate Hotels Management Inc)

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No Transfer of Interests. 9.1.1 Except as expressly permitted or contemplated by this Agreement, no Member may sell, assign, give, hypothecate, pledge, encumber or otherwise transfer ("TRANSFERTransfer") all or any portion of its Interest, whether directly or indirectly, without the written consent of the other Members. 9.1.2 Any Transfer by a Member of its Interest in contravention of this Article 9 shall be null and void. No Member shall withdraw from the Company except in connection with a Permitted Transfer or in accordance with Section 3.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Wyndham International Inc)

No Transfer of Interests. 9.1.1 Except as expressly permitted or contemplated by this Agreement, no Member may sell, assign, give, hypothecate, pledge, encumber or otherwise transfer ("TRANSFER") all or any portion of its Interest, whether directly or indirectlyindirectly (including the transfer of interests in the Managing Member), without the written consent of the other Members. 9.1.2 Any Transfer by a Member of its Interest in contravention of this Article 9 shall be null and void. No Member shall withdraw from the Company except in connection with a Permitted Transfer or in accordance with Section 3.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Interstate Hotels Corp)

No Transfer of Interests. 9.1.1 Except as expressly permitted or contemplated by this Agreement, : no Member may sell, assign, give, hypothecate, pledge, encumber or otherwise transfer ("TRANSFERTransfer") all or any portion of its Interest, whether directly or indirectly, indirectly without the written consent of the other MembersMembers of the Company. 9.1.2 Any Transfer by a Member of its Interest in contravention of this Article 9 shall be null and void. No Member shall withdraw from the Company except in connection with a Permitted Transfer or in accordance with Section 3.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Wyndham International Inc)

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No Transfer of Interests. 9.1.1 Except as expressly permitted or contemplated by this Agreement, : no Member may sell, assign, give, hypothecate, pledge, encumber or otherwise transfer ("TRANSFER") all or any portion of its Interest, whether directly or indirectly, indirectly without the written consent of the other MembersMembers of the Company. 9.1.2 Any Transfer by a Member of its Interest in contravention of this Article 9 shall be null and void. No Member shall withdraw from the Company except in connection with a Permitted Transfer or in accordance with Section 3.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Interstate Hotels Management Inc)

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