Common use of Permitted Transfers Among Wholly-Owned Affiliates Clause in Contracts

Permitted Transfers Among Wholly-Owned Affiliates. Notwithstanding anything contained herein to the contrary, any Member may Transfer all or any portion of its Membership Interest to a Wholly-Owned Affiliate of such Member, and such Transfer shall be deemed automatically approved by the Board of Directors; provided, however, that such Transfer otherwise meets the conditions and requirements of Sections 10.2 and 10.3.