Common use of Non-Permitted Transfers Clause in Contracts

Non-Permitted Transfers. (a) Any purported Transfer of Membership Interests or any economic interest therein not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof shall be null and void ab initio, regardless of any notice provided to the Company, and shall not create any obligation or liability of the Company to the purported transferee, and any Person purportedly acquiring any Membership Interests or any economic interest therein purportedly transferred not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof shall not be entitled to admission to the Company as a substitute Member.

Non-Permitted Transfers. (ai) Any purported Transfer of Membership Interests all or any portion of Units of the Company or any economic benefit or other interest therein not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof 5.1(a) shall be null and void ab initio, regardless of any notice provided to any of the Companyparties hereto, and shall not create any obligation or liability of any of the Company parties hereto to the purported transferee, and any Person purportedly acquiring all or any Membership Interests portion of any Units or any economic benefit or other interest therein purportedly transferred not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof 5.1(a) shall not be entitled to admission to the Company as a substitute Member.

Non-Permitted Transfers. (a) Any purported Transfer of Membership all or any portion of Percentage Interests or any economic benefit or other interest therein not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof 5.1 shall be null and void ab initio, regardless of any notice provided to any of the Companyparties hereto, and shall not create any obligation or liability of any of the Company parties hereto to the purported transferee, and any Person purportedly acquiring all or any Membership portion of any Percentage Interests or any economic benefit or other interest therein purportedly transferred not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof 5.1 shall not be entitled to admission to the Company as a substitute Member.

Non-Permitted Transfers. (a) Any purported Transfer of Membership all or any portion of Percentage Interests of any Company or any economic benefit or other interest therein not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof 5.1 shall be null and void ab initio, regardless of any notice provided to any of the Companyparties hereto, and shall not create any obligation or liability of any of the Company parties hereto to the purported transferee, and any Person purportedly acquiring all or any Membership portion of any Percentage Interests or any economic benefit or other interest therein purportedly transferred not in compliance with Section 4.1, 4.3, 4.4, 4.5 or 4.6 hereof 5.1 shall not be entitled to admission to the Company as a substitute Member.