Restriction on Transfer of Units. Director shall not Transfer any of the Units except to the extent permitted by the Committee. For the purposes of this Agreement, the term “Transfer” shall mean any sale, exchange, assignment, gift, encumbrance, lien, transfer by bankruptcy or judicial order, transfer by operation of law and all other types of transfers and dispositions, whether direct or indirect, voluntary or involuntary.
Restriction on Transfer of Units. Units may only be transferred in accordance with the terms of this Agreement and each such transfer shall be recorded in the Unit register.
Restriction on Transfer of Units. Any attempted Transfer in contravention of the terms of this Agreement shall be invalid and shall not be recognized by the Company or the other Members. Any Member attempting to so Transfer any or all of his Units in contravention of this Agreement shall for all purposes remain the legal and beneficial owner of such Units, entitled to all rights and privileges and subject to all obligations and liabilities thereof.
Restriction on Transfer of Units. Holder shall not sell, exchange, transfer, alienate, hypothecate, pledge, encumber or assign any Units or the underlying securities (or any rights with respect thereto). Neither the Units nor any interest or right therein or part thereof or underlying security shall be liable for the debts, contracts, or engagements of Holder or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy) and any attempted disposition thereof shall be null and void and of no effect.
Restriction on Transfer of Units. No Member may Transfer any of the Units held by it except to Persons and in the manner expressly permitted by this Agreement. Any attempted Transfer of Units made in violation of this Agreement will, to the fullest extent permitted by Law, be null and void and the Board will not approve any Transfer of Units made in contravention of this Agreement.
Restriction on Transfer of Units. 1.1 Unit Holder shall not sell, assign, give, pledge, encumber or otherwise transfer (hereinafter, "transfer") any of the Units, or any right or interest therein, or any certificate therefor, now owned or hereafter acquired whether voluntarily, involuntarily or by operation of law, except transfers to Permitted Transferees as provided in Section 2.1 or bona fide transfers subject to and made as provided in Article 3 or Article 4. Any transfer or attempted transfer made in violation of this Agreement shall be void and neither Navigant nor the Company shall recognize or give effect to such transfer on its books and records, or recognize the persons or entities to whom such transfer has been made as the legal or beneficial holder of the Units or Unit Option.
Restriction on Transfer of Units
