PLEDGE OF MEMBERSHIP INTEREST. The pledge or granting of, a security interest, lien, or other encumbrance in or against any or all of the Membership Interest of a Member shall not cause the Member to cease to be a Member or to grant to anyone else the power to exercise any rights or powers of a Member.
Appears in 1 contract
Samples: Operating Agreement
PLEDGE OF MEMBERSHIP INTEREST. The pledge or granting of, of a security interest, lien, or other encumbrance in or against any or all of the Membership Interest Interests of a Member shall is not an assignment and may not cause the Member to cease to be a Member or to grant cease to anyone else have the power to exercise any rights or powers of a Member.
Appears in 1 contract
Samples: Operating Agreement
PLEDGE OF MEMBERSHIP INTEREST. The pledge of, or granting of, a security interest, lien, or other encumbrance in or against any or all of the Membership Interest of a Member shall not cause the Member to cease to be a Member or to grant to anyone else the power to exercise any rights or powers of a Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Nurx Pharmaceuticals, Inc.)
PLEDGE OF MEMBERSHIP INTEREST. The pledge of, or granting of, a security interest, lien, or other encumbrance in or against any or all of the Membership Interest of a Member shall not cause the Member to cease to be a Member or to grant to the person holding the pledge, security interest, lien or other encumbrance, or anyone else the power to exercise any rights or powers of a Member.
Appears in 1 contract
Samples: Operating Agreement (Applied Molecular Evolution Inc)
