Common use of RESTRICTIONS ON TRANSFER OF INTEREST OF AND IN A MEMBER Clause in Contracts

RESTRICTIONS ON TRANSFER OF INTEREST OF AND IN A MEMBER. (a) Except as otherwise provided in this Article, no Member shall withdraw or retire from the Company, substitute any person in its stead or sell, exchange, transfer, give, assign, pledge, hypothecate, mortgage or dispose of all or any portion of its Membership Interest without the consent of all other Members; and any such prohibited sale, exchange, transfer, gift, assignment, pledge, hypothecation, mortgage or disposition shall be void.

RESTRICTIONS ON TRANSFER OF INTEREST OF AND IN A MEMBER. (a) Except as otherwise provided set forth in this ArticleArticle IX, unless all of the Members consent (which consent shall be in the sole discretion of each Member), no Member shall withdraw or retire from the Company, substitute any person in its stead or sell, exchange, transfer, give, assign, pledge, hypothecate, mortgage or dispose of all or any portion of or interest in its Membership Interest without the consent of all other Members; Interest, and any such prohibited sale, exchange, transfer, gift, assignment, pledge, hypothecation, mortgage or disposition shall be void.

RESTRICTIONS ON TRANSFER OF INTEREST OF AND IN A MEMBER. (a) Except as otherwise provided in this Article, unless all of the Members consent (which consent shall not be unreasonably withheld), no Member shall withdraw or retire from the Company, substitute any person in its stead or sell, exchange, transfer, give, assign, pledge, hypothecate, mortgage or dispose of all or any portion of or interest in its Membership Interest without the consent of all other Members; Interest, and any such prohibited sale, exchange, transfer, gift, assignment, pledge, hypothecation, mortgage or disposition shall be void.