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.
Appears in 7 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
