Recognition of Assignment by Company. No assignment, or any part thereof, that is in violation of this Article XIII shall be valid or effective, and neither the Company nor the Members shall recognize the same for the purpose of making distributions of Net Cash Flow pursuant to Section 9.1 hereof with respect to such Company interest or part thereof. Neither the Company nor the nonassigning Members shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
Recognition of Assignment by Company. No assignment, or any part thereof, that is in violation of this Article XIII shall be valid or effective, and neither the Company nor the Members shall recognize the same for the purpose of making distributions of Net Cash Flow pursuant to Section 9.1 hereof with respect to such Company interest or part thereof. Neither the Company nor the nonassigning Members shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Einstein Noah Bagel Corp), Limited Liability Company Agreement (Einstein Noah Bagel Corp)
Recognition of Assignment by Company. No assignment, or any part thereof, that is in violation of this Article XIII XV shall be valid or effective, and neither the Company nor the Members shall recognize the same for the purpose of making distributions of Net Cash Flow pursuant to Section 9.1 10.1 hereof with respect to such Company interest or part thereof. Neither the Company nor the nonassigning Members shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ects a Scenic Technology Co Inc)
Recognition of Assignment by Company. No assignmentAssignment, or any ------------------------------------ part thereof, that is in violation of this Article XIII shall be valid or effective, and neither the Company nor the Members Manager shall recognize the same for the purpose of making distributions of Net Available Cash Flow pursuant to Section 9.1 8.1 hereof with respect to the Units that are the subject of such Company interest or part thereofinvalid Assignment. Neither the Company (or the Manager on behalf of the Company) nor the nonassigning non-assigning Members shall incur any liability as a result of refusing to make any such distributions to the assignee transferee of any such invalid assignmentAssignment.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Kent Financial Services Inc)
Recognition of Assignment by Company. No assignment, or any part thereof, that is in violation of this Article XIII XIV shall be valid or effective, and neither the Company nor the Members Management Committee shall recognize the same for any purpose of this Agreement, including the purpose of making distributions of Net Cash Flow pursuant to Section 9.1 hereof with respect to such Company interest Interest or part thereof. Neither the Company nor the nonassigning Members Management Committee shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.
Appears in 1 contract
Samples: Limited Liability Company Agreement (DB Online, LLC)
Recognition of Assignment by Company. No assignment, or any part thereof, that is in violation of this Article XIII shall be valid or effective, and neither the Company nor the Members shall recognize the same for the purpose of making distributions of Net Cash Flow pursuant to Section 9.1 hereof with respect to such Company interest or part thereof. Neither the Company nor the nonassigning Members shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.part
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)
