Common use of Recognition of Transfer Clause in Contracts

Recognition of Transfer. The Company shall not recognize for any purpose any purported Transfer of all or any portion of the interest in the Company of a Member unless: (i) the provisions of Section 8.1 shall have been complied with and (ii) there shall have been filed with the Company a dated notice of such Transfer, in form satisfactory to the Managing Member, executed and acknowledged by both the transferring Member and the Assignee and such notice: (a) contains the acceptance by the Assignee of all the terms and provisions of this Agreement and the Assignee’s agreement to be bound thereby; (b) represents that such Transfer was made in accordance with all applicable laws and regulations; and (c) contains a power of attorney authorizing the Managing Member to execute this Agreement on behalf of the Assignee.

Recognition of Transfer. The Company shall not recognize for any purpose any purported Transfer of all or any portion of the interest in the Company of a Member unless: Shareholder unless (i) the provisions of Section 8.1 3.01 hereof shall have been complied with with, and (ii) there shall have been filed with the Company a dated notice of such Transfer, in form satisfactory to the Managing MemberCompany, executed and acknowledged by both the transferring Member Shareholder and the Assignee and such notice: notice (aA) contains the acceptance by the Assignee of all the terms and provisions of this Agreement and the Assignee’s agreement to be bound thereby; , (bB) represents that such Transfer was made in accordance with all applicable laws and regulations; , - 11 - and (cC) contains a power of attorney authorizing the Managing Member Company to execute this Agreement on behalf of the Assignee.

Recognition of Transfer. The Company shall not recognize for any purpose any purported Transfer of all or any portion of the interest in the Company of a Member unless: Shareholder unless (i) the provisions of Section 8.1 3.01 hereof shall have been complied with with, and (ii) there shall have been filed with the Company a dated notice of such Transfer, in form satisfactory to the Managing MemberCompany, executed and acknowledged by both the transferring Member Shareholder and the Assignee and such notice: notice (aA) contains the acceptance by the Assignee of all the terms and provisions of this Agreement and the Assignee’s agreement to be bound thereby; , (bB) represents that such Transfer was made in accordance with all applicable laws and regulations; , and (cC) contains a power of attorney authorizing the Managing Member Company to execute this Agreement on behalf of the Assignee.