Common use of RIGHT OF DISPOSITION Clause in Contracts

RIGHT OF DISPOSITION. Each Member agrees not to Dispose of its Company Interest, in whole or in part, or to withdraw from the Company, except as provided in this Article XII. In connection with any Disposition, each Member party to such Disposition (including any Additional Member admitted as a Member as a result of such Disposition) shall provide to the Company the information required to revise Exhibit B and Exhibit C only as to such Members, and Exhibit D shall be so revised and distributed to all Members. Nothing in this Article XII shall be construed to limit a Member’s ability to transfer its entire Company Interest to an entity that is wholly owned, directly or indirectly, by such Member or is wholly owned, directly or indirectly, by the entity that owns one hundred percent (100%) of such Member. Such a transfer to a wholly-owned Person will be recognized by the Company upon receipt of written notice from the transferor Member.

RIGHT OF DISPOSITION. Each Member agrees not to Dispose of its Company Interest, in whole or in part, or to withdraw from the Company, except as provided in this Article XIIArticle. In connection with any Disposition, each Member party to such Disposition (including any Additional Member admitted as a Member as a result of such Disposition) shall provide to the Company the information required to revise Exhibit Exhibits B and Exhibit C only as to such Members, and Exhibit D shall be so revised and distributed to all Members. Nothing in this Article XII shall be construed to limit a Member’s ability to transfer its entire Company Interest to an entity that is wholly owned, directly or indirectly, by such Member or is wholly wholly-owned, directly or indirectly, by the entity that owns one hundred percent (100%) of such Member. Such a transfer to a wholly-owned Person will be recognized by the Company upon receipt of written notice from the transferor Member.

RIGHT OF DISPOSITION. Each Member agrees not to Dispose of its Company Interest, in whole or in part, or to withdraw from the Company, except as provided in this Article XIIArticle. In connection with any Disposition, each Member party to such Disposition (including any Additional Member admitted as a Member as a result of such Disposition) shall provide to the Company the information required to revise Exhibit Exhibits B and Exhibit C only as to such Members, and Exhibit D shall be so revised and distributed to all Members. Nothing in this Article XII shall be construed to limit a Member’s 's ability to transfer its entire Company Interest to an entity that is wholly owned, directly or indirectly, by such Member or is wholly wholly-owned, directly or indirectly, by the entity that owns one hundred percent (100%) of such Member. Such a transfer to a wholly-owned Person will be recognized by the Company upon receipt of written notice from the transferor Member.