Common use of Records of the Company; Void Transfers or Issuance Clause in Contracts

Records of the Company; Void Transfers or Issuance. The Company will not record a Transfer of the Membership Interest or any advance from the Member, or record the issuance of a new equity interest in the Company, on its books, except for Transfers permitted under Sections 2.3 and 5. 1. Any purported Transfer of the Membership Interest or an advance from the Member, or the issuance of a new equity interest, that is not in compliance with the terms and conditions of this Agreement is null and void, and the transferee under any purported Transfer or issuance will acquire no title or ownership thereby.

Records of the Company; Void Transfers or Issuance. The Company will not record a Transfer of the Membership Interest or any advance from the Member, or record the issuance of a new equity interest in the Company, on its books, except for Transfers permitted under Sections 2.3 2.2 and 5. 1. Any purported Transfer of the Membership Interest or an advance from the Member, or the issuance of a new equity interest, that is not in compliance with the terms and conditions of this Operating Agreement is null and void, and the transferee under any purported Transfer or issuance will acquire no title or ownership thereby.