Common use of Requirements Applicable to All Transfers and Admissions Clause in Contracts

Requirements Applicable to All Transfers and Admissions. Any Transfer of Units and any admission of a Transferee as a Member shall also be subject to the following requirements, and such Transfer (and admission, if applicable) shall not be effective unless such requirements are complied with; provided, however, that the Board, in its sole and absolute discretion, may waive any of the following requirements (other than the requirements of Section 4.02(b) and Article V):

Requirements Applicable to All Transfers and Admissions. Any In addition to the other terms and conditions of this Article IV, any Transfer of Units and any admission of a Transferee as a Member shall also be subject to the following requirements, and such Transfer (and admission, if applicable) shall not be effective unless such requirements are complied with; provided, however, that the Board, in its sole and absolute discretion, may waive any of the following requirements (other than the requirements of Section 4.02(b)): (a) and Article V):[Intentionally Omitted];