Purchase Not for Distribution. (a) Each Member hereby represents and warrants to the Company that the acquisition of its Member Interest is made as a principal for its account and not with a view to the resale or distribution of such Member Interest.
Appears in 6 contracts
Samples: Operating Agreement, Operating Agreement, Exchange Agreement
Purchase Not for Distribution. (a) Each Member hereby represents and warrants to the Company that the acquisition of its Member Interest is made as a principal for its account and not with a view to the resale or distribution of such Member Interest.. (b) Each Member agrees that it will not sell, assign or otherwise transfer its Member Interest or any fraction thereof, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a "Transfer"), to any Person who does not make the representations and warranties to the Company set forth in Section 8.1(a) above. SECTION 8.2
Appears in 1 contract
Samples: Operating Agreement (Central Vermont Public Service Corp)
