Rights of Assignee of Company Interest. (a) Except as provided in this Article and as required by operation of law, the Company shall not be obligated for any purpose whatsoever to recognize the assignment by any Investor Member of its Interest until the Company has received actual Notice thereof.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Hoku Scientific Inc)
Rights of Assignee of Company Interest. (a) Except as provided in this Article and as required by operation of law, the Company shall not be obligated for any purpose whatsoever to recognize the assignment by any Investor Member of its his (its) Interest until the Company has received actual Notice thereof.
Appears in 1 contract
Samples: Operating Agreement (Boston Capital Tax Credit Fund Iv Lp)
Rights of Assignee of Company Interest. (a) Except as provided in this Article and as required by operation of law, the Company shall not be obligated for any purpose whatsoever to recognize the assignment by any Investor Member of its Interest until the Company has received actual Notice notice thereof.
Appears in 1 contract
Samples: Operating Agreement
