Restrictions on Transfer or Encumbrance of Units. Section 9.1 of the Operating Agreement generally prohibits the sale, pledge, or other transfer (with or without consideration) of all or any part of the Membership Interest owned or held by a Member, but does provide the Manager with discretion to allow a transfer to another charitable organization, subject to such conditions as the Manager reason- ably imposes.
Appears in 11 contracts
Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement
