Common use of Recognition of Assignment by Company Clause in Contracts

Recognition of Assignment by Company. To the fullest extent permitted by law, no assignment, or any part thereof, that is in violation of this Article XV shall be valid or effective, and neither the Company nor the Members shall recognize the same for the purpose of making distributions pursuant to Article IX hereof with respect to such Interest or part thereof. To the fullest extent permitted by law, neither the Company, the Members, the Directors nor the Officers shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.

Recognition of Assignment by Company. To the fullest extent permitted by law, no No Transfer or assignment, or any part thereof, that is in violation of this Article XV XIII shall be valid or effective, and neither the Company nor the Members shall recognize the same for the purpose of making distributions pursuant to Article IX VIII hereof with respect to such Interest assigned interest or part thereof. To Neither the fullest extent permitted by law, neither the Company, the Members, the Directors Company nor the Officers nonassigning Members shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.

Recognition of Assignment by Company. To the fullest extent permitted by law, no No assignment, or any part thereof, that is in violation of this Article XV XII shall be valid or effective, and neither the Company nor the Members shall recognize the same for same. Neither the purpose of making distributions pursuant to Article IX hereof with respect to such Interest or part thereof. To the fullest extent permitted by law, neither the Company, the Members, the Directors Company nor the Officers Members shall incur any liability as a result of refusing to make any such distributions to the assignee of any such invalid assignment.