Common use of Permissible Transfers by Investor Members Clause in Contracts

Permissible Transfers by Investor Members. Notwithstanding anything in this Agreement to the contrary, an Investor Member may elect within ninety (90) days of acquiring a Membership Interest in the Company to assign its Membership Interest to a corporation, limited liability company or limited partnership formed and maintained for the purpose of holding such Membership Interest, or for additional purposes approved by DTO Management by advance written consent, if such assignee is owned by the Investor Member or such assignee"s owners are substantially identical to the owners of such Investor Member as long as such assignee and its Affiliates agree in writing to be bound by all the terms and conditions of this Agreement and DTO Management first approves in writing the terms of all documents creating and constituting such Entity.

Permissible Transfers by Investor Members. Notwithstanding anything in this Agreement to the contrary, an Investor Member may elect within ninety (90) days of acquiring a Membership Interest in the Company to assign its Membership Interest to a corporation, limited liability company or limited partnership formed and maintained for the purpose of holding such Membership Interest, or for additional purposes approved by DTO Management by advance written consent, if such assignee is owned by the Investor Member or such assignee"s assignee's owners are substantially identical to the owners of such Investor Member as long as such assignee and its Affiliates agree in writing to be bound by all the terms and conditions of this Agreement and DTO Management first approves in writing the terms of all documents creating and constituting such Entity.