Common use of Notification Required and Effective Date Clause in Contracts

Notification Required and Effective Date. The Fund shall not recognize for any purpose any purported sale, assignment, or transfer of all or any fraction of the Fund Interest of an Investor other than a Director unless the provisions of Section 13.01 shall have been complied with and there shall have been filed with the Fund a dated notification of such sale, assignment, or transfer, in form satisfactory to the Directors, executed and acknowledged by both the seller, assignor,

Appears in 4 contracts

Samples: Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC)

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