Rights of Transferee. In the event that the Selling Member Transfers any or all of his or her Units to a transferee in accordance with this Section 11, such transferee shall have no right to vote or to participate in the management of the business and affairs of the Company or to become a Member unless such transferee executes and becomes a party to this Agreement.
Appears in 4 contracts
Samples: Operating Agreement (Ivt Software Inc), Operating Agreement (Ivt Software Inc), Operating Agreement (Ivt Software Inc)