Restrictions on the Transfer of a Membership Interest. A Member may Transfer all or part of a Membership Interest only in accordance with applicable Laws and the provisions of this Agreement, including the following provisions of this Section. Any purported Transfer in breach of the terms of this Agreement shall be null and void ab initio, and the Company shall not recognize any such prohibited Transfer.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (El Paso Energy Partners Lp), Limited Liability Company Agreement (El Paso Energy Partners Lp), Limited Liability Company Agreement (El Paso Energy Partners Lp)
Restrictions on the Transfer of a Membership Interest. A Member may Transfer all or part all, and not less than all, of a its Membership Interest only in accordance with applicable Laws and the provisions of this Agreement, including the following provisions of this SectionSection 3.5. Any purported Transfer in breach of the terms of this Agreement shall be null and void ab initio, and the Company shall not recognize any such prohibited Transfer.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GMX Resources Inc)
Restrictions on the Transfer of a Membership Interest. A Member may Any Transfer all or part of a Membership Interest may only be made in accordance with applicable Laws and the provisions of this Agreement, including the following provisions of this SectionSection 3.5. Any purported Transfer in breach of the terms of this Agreement shall be null and void ab initio, and the Company shall not recognize any such prohibited Transfer.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Heckmann CORP)
