Common use of Permitted Transfers to Controlled Affiliates Clause in Contracts

Permitted Transfers to Controlled Affiliates. Subject to Section 3.03(b) (except for Section 3.03(b)(i)(7)), a Member who is not then in default of its obligations under this Agreement (the “Transferor”) will be entitled to Transfer, without first complying with Section 3.04, title to all or part of its Units to one or more of its Controlled Affiliates, provided that:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Pattern Energy Group Inc.), Limited Liability Company Agreement (Pattern Energy Group Inc.)

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Permitted Transfers to Controlled Affiliates. Subject to Section 3.03(b) (except for Section 3.03(b)(i)(7)), a Member who is not then in default of its obligations under this Agreement (the “Transferor”) will be entitled to TransferTransfer to a Controlled Affiliate, without first complying with Section 3.04, title to all or part of its Units to one or more of its Controlled Affiliates, provided that:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pattern Energy Group Inc.), Limited Liability Company Agreement (Pattern Energy Group Inc.)

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