Common use of Restrictions on Members Clause in Contracts

Restrictions on Members. Except as expressly permitted in this Agreement, or as consented to by the Manager, no Member shall directly or indirectly (including through the sale of the Member by its parent entity or equityholders), sell, transfer, assign, give, bequeath, devise, donate, exchange, pledge, hypothecate, enter into a derivative contract or similar arrangement with respect to, encumber, distribute or otherwise dispose of, either voluntarily or by operation of law (a “Transfer”), all or any part of the Common Units or any rights or interests therein, whether now owned or hereafter acquired; provided, however, that:

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Caliburn International Corp), Operating Agreement (GreenSky, Inc.), Operating Agreement (GreenSky, Inc.)

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