Common use of Nontransferability of Memberships Clause in Contracts

Nontransferability of Memberships. 1063 A Member may not transfer, assign or sublicense any of its rights or obligations under the Bylaws 1064 or this Membership Agreement without the prior written approval of the Board, unless otherwise 1065 permitted in the Membership Agreement. A third party further may not assume any of a 1066 Member’s rights or obligations under the Bylaws or this Membership Agreement incident to a 1067 change of Control of Member, without the written consent of the Board. Any attempted transfer

Appears in 2 contracts

Samples: Membership Agreement, Membership Agreement

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Nontransferability of Memberships. 1063 920 A Member may not transfer, assign or sublicense any of its rights or obligations under the Bylaws 1064 921 or this Membership Agreement without the prior written approval of the Board, unless otherwise 1065 922 permitted in the Membership Agreement. A third party further may not assume any of a 1066 923 Member’s rights or obligations under the Bylaws or this Membership Agreement incident to a 1067 924 change of Control of Member, without the written consent of the Board. Any attempted transfertransfer 925 by a Member in violation of this Section shall be null and void.

Appears in 1 contract

Samples: Membership Agreement

Nontransferability of Memberships. 1063 973 A Member may not transfer, assign or sublicense any of its rights or obligations under the Bylaws 1064 974 or this Membership Agreement without the prior written approval of the Board, unless otherwise 1065 975 permitted in the Membership Agreement. A third party further may not assume any of a 1066 976 Member’s rights or obligations under the Bylaws or this Membership Agreement incident to a 1067 977 change of Control of Member, without the written consent of the Board. Any attempted transfertransfer 978 by a Member in violation of this Section shall be null and void.

Appears in 1 contract

Samples: Membership Agreement

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Nontransferability of Memberships. 1063 913 A Member may not transfer, assign or sublicense any of its rights or obligations under the Bylaws 1064 914 or this Membership Agreement without the prior written approval of the Board, unless otherwise 1065 915 permitted in the Membership Agreement. A third party further may not assume any of a 1066 916 Member’s rights or obligations under the Bylaws or this Membership Agreement incident to a 1067 917 change of Control of Member, without the written consent of the Board. Any attempted transfertransfer 918 by a Member in violation of this Section shall be null and void. 919 10 Meetings of Members

Appears in 1 contract

Samples: Membership Agreement

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