Other Conditions to Transfer. In addition to the consent requirement set forth in Section 7.1, no Person not then a Member shall become a Member as a result of any Transfer, including any Transfer as a matter of law, unless such Person shall expressly assume and agree to be bound by all of the terms and conditions of this Agreement, including the applicable Series Designation. Any Transfer of an Interest in the Company with respect to any Series shall not be effective until the Transferor: (a) pays the Company’s and the relevant Series’ expenses (including attorneys’ fees) in connection with such Transfer, (b) executes and delivers such other documents or instruments that the Manager may deem necessary or desirable in connection with the Transfer, and (c) at the request of the Manager, delivers to the Company an opinion, satisfactory in form and substance to the Manager, from counsel satisfactory to the Manager, to the effect that such transaction will not result in:
Appears in 6 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
