Common use of Time of Transfer Clause in Contracts

Time of Transfer. Any transfer of a Membership Interest to a third party or to a Member permitted under this Article VIII shall be effective as of midnight of the last day of the calendar month in which it is made, or, at the election of the Manager, as of opening of business the day following the date of the transfer (the “Effective Transfer Date”).

Time of Transfer. Any transfer of a Membership an Interest to a third party or to by a Member permitted under this Article VIII XI shall be effective as of midnight of the last day of the calendar month in which it is made, or, at the election of a Majority-in-Interest of the Managerremaining Members, as of opening of business 7:00 A.M. the day following the date of the transfer (the “Effective Transfer Date”).

Time of Transfer. Any transfer Transfer of a Membership Interest to a third party or to a Member permitted effected under this Article VIII 6 shall be effective as of midnight of the last day of the calendar month in which it is made, or, or at the election of the ManagerManaging Member, as of opening of business 7:00 a.m. the day following the date of the transfer Transfer (the “"Effective Transfer Date”").