SUCCESSION BY INDIVIDUALS TO MEMBERSHIP INTERESTS OF MEMBERS. In the event that any individual succeeds to the interest of any Member in accordance with the terms of this Agreement, then the interest of such individual Member in the Company, subject to the provisions of Section 7.02 hereof, may be: (i) Assigned or disposed of by will or intestacy to or for the benefit of any member or members of the deceased Member's Immediate Family; or (ii) Assigned during his lifetime or at his death to a Family Trust for such individual.
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Samples: Limited Liability Company Agreement (Ramco Gershenson Properties Trust), Limited Liability Company Agreement (Ramco Gershenson Properties Trust), Limited Liability Company Agreement (Ramco Gershenson Properties Trust)
SUCCESSION BY INDIVIDUALS TO MEMBERSHIP INTERESTS OF MEMBERS. In the event that any individual succeeds to the interest of any Member in accordance with the terms of this Agreement, then the interest of such individual Member in the Company, subject to the provisions of Section 7.02 7.2 hereof, may be:
(i) Assigned Transferred or disposed of by will or intestacy to or for the benefit of any member or members of the deceased Member's ’s Immediate Family; or
(ii) Assigned Transferred during his lifetime or at his death to a Family Trust for such individual.
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