Common use of Other Involuntary Transfer Clause in Contracts

Other Involuntary Transfer. In the event of a purported Transfer of outstanding Shares not subject to the foregoing subsections of this Section 8.2, whether by order or decree (such as in the case of the entry of a final judgment in a divorce or attachment proceeding), bankruptcy, or otherwise, to the maximum permitted by applicable law, order, judgment, stipulation or decree, the Company shall redeem all such Shares. A Member may elect at any time after becoming a Member either to authorize the Company to Archive or License, or to Donate, all or specified portions of his or her Member Data contributed in connection with the issuance of such Shares in the event of such a purported Transfer thereof; provided that the Company shall nonetheless not maintain a Licensed or Archived copy of, or accept a Donation of, such Member Data and instead Purge such Member Data if, in the Manager’s opinion, to do so would violate any applicable law, order, judgment, stipulation or decree.