Non-Assignability of Interest Sample Clauses

Non-Assignability of Interest. During his or her lifetime, no Member may voluntarily withdraw from the Company. A Member shall not cease to be a Member solely on account of the occurrence with respect to such Member of any event set forth in Section 18-304 of the Delaware Act. No Member may transfer his interest in the Company without the consent of the Manager. Any transferee of an interest in the Company may be admitted into the Company upon the consent of the Manager. The Members acknowledge that the Manager has the right to transfer its interest in the Company and such transfer may be made, and such entity may be admitted to the Company with the consent of the Manager and without the consent of any other Member.
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Non-Assignability of Interest. No benefit that is payable out of the Custodial Account to any person (including any Participant or beneficiary) shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, garnishment, levy, execution or charge, either voluntary or involuntary prior to actually being received by the person or persons entitled thereto, and where there is any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge or otherwise dispose of any right to amounts payable hereunder, the same shall be void; and no such benefit shall in any manner be liable for, or subject to, the debts, contracts, liabilities, engagements or torts of any such person, nor shall it be subject to attachment or legal process for or against such person, and the same shall not be recognized by the Master Custodial Administration Agreement Administrator.
Non-Assignability of Interest. Subject to any applicable law, the interest herein and the right to receive distributions under this Agreement may not be anticipated, alienated, sold, transferred, assigned, pledged, encumbered, or subjected to any charge or legal process, nor shall any such

Related to Non-Assignability of Interest

  • Non-Assignability This Agreement is personal in nature and neither of the parties hereto shall, without the consent of the other, assign, or transfer this Agreement or any rights or obligations hereunder, except as provided in Section 11. Without limiting the foregoing, the Executive's right to receive payments hereunder shall not be assignable or transferable, whether by pledge, creation of a security interest or otherwise, other than a transfer by his will or trust or by the laws of descent or distribution, and in the event of any attempted assignment or transfer contrary to this paragraph the Company shall have no liability to pay any amount so attempted to be assigned or transferred.

  • Assignability This Agreement shall not be assigned by either party without the prior written consent of the other.

  • Binding Effect; Assignability This Agreement shall be binding upon and inure to the benefit of the Buyer and the Seller and their respective successors and permitted assigns. The Seller may not assign any of its rights hereunder or any interest herein without the prior written consent of the Buyer, except as provided in Section 3.11 or as otherwise herein specifically provided. This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the parties hereto shall agree.

  • Assignability; Binding Effect This Agreement is not assignable by any Party without the prior written consent of the other Parties and any attempt to assign this Agreement without such consent shall be void and of no effect. This Agreement shall be binding upon and inure to the benefit of the Parties and their respective successors and permitted assigns.

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