Restrictions on the Members. a) Except with the consent of the Managing Members or as otherwise specifically permitted by this Agreement, no Member shall mortgage, encumber, pledge or otherwise dispose of his or her interest in the Company or in the Company assets or property or enter into any agreement as a result of which any other person shall have rights as a Member of the Company.
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Samples: Limited Liability Company Operating Agreement, Gray Fox Petroleum Corp.
Restrictions on the Members. (a) Except with the consent of the Managing Members or as otherwise specifically permitted by this Agreement, no Member shall mortgage, encumber, pledge or otherwise dispose of his or her interest in the Company or in the Company Company’s assets or property or enter into any agreement as a result of which any other person shall have rights as a Member of the Company.
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Restrictions on the Members. (a) Except with the consent of the Managing Members or as otherwise specifically permitted by this Agreement, no Member shall mortgage, encumber, pledge or otherwise dispose of his or her interest in the Company or in the Company Company's assets or property or enter into any agreement as a result of which any other person shall have rights as a Member of the Company.
Appears in 1 contract
