Common use of Restrictions on Sales of Control of the Company Clause in Contracts

Restrictions on Sales of Control of the Company. No Member shall be a party to any Unit Sale unless all holders of Preferred Units are allowed to participate in such transaction and the consideration received pursuant to such transaction is allocated among the parties thereto in the manner specified in Section ‎8.01 of this Agreement in effect immediately prior to the Unit Sale (as if such transaction were a Change of Control), unless the Requisite Series A Preferred Holders and Requisite Series B Preferred Holders elect otherwise by written notice given to the Company at least ten (10) days prior to the effective date of any such transaction or series of related transactions.

Restrictions on Sales of Control of the Company. No Member shall be a party to any Unit Units Sale unless all holders of the issued and outstanding Preferred Units are allowed to participate in such transaction Units Sale and the consideration received pursuant to such transaction Units Sale is allocated among the parties thereto in the manner specified in Section ‎8.01 of this Agreement (as in effect immediately prior to such Units Sale) with respect to a Sale of the Unit Sale (as if such transaction were a Change of Control)Company, unless the Requisite Series A Majority Preferred Holders and Requisite Series B Preferred Holders Members elect otherwise by written notice given to the Company at least ten five (105) days prior to the effective date of any such the transaction or series of related transactionstransactions that constitutes such Units Sale.