Common use of PLEDGE OF MEMBERSHIP INTEREST Clause in Contracts

PLEDGE OF MEMBERSHIP INTEREST. A Member shall only be allowed to pledge such Member’s Membership Interest upon the approval of the Board.

Appears in 3 contracts

Samples: Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.)

AutoNDA by SimpleDocs

PLEDGE OF MEMBERSHIP INTEREST. A Member shall only be allowed to pledge such Member’s 's Membership Interest upon the approval of the Board.

Appears in 1 contract

Samples: Operating Agreement (Reich Seidelman & Janicki Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!