Common use of Restrictions on Transfer of Company Interests Clause in Contracts

Restrictions on Transfer of Company Interests. (a) Subject to Section 3.3 hereof, no Member may, directly or indirectly, assign, sell, exchange, transfer, pledge, hypothecate or otherwise dispose of all or any part of its interest in the Company (any assignment, sale, exchange, transfer, pledge, hypothecation or other disposition of an interest in the Company being herein collectively called a "Transfer") to any person, other than in accordance with paragraph (b) below.

Restrictions on Transfer of Company Interests. (a) Subject to Section 3.3 hereof, no No Member may, directly or indirectly, assign, sell, exchange, transfer, pledge, hypothecate or otherwise dispose of all or any part of its interest in the Company (any assignment, sale, exchange, transfer, pledge, hypothecation or other disposition of an interest in the Company being herein collectively called a "Transfer") to any personPerson, other than in accordance with paragraph (b) belowSection 8.1(b). Without limiting the foregoing and except as permitted in Section 8.1(b), any change in the ultimate beneficial ownership of a Member shall be deemed a Transfer for purposes of this Agreement.