Common use of Transfer and Assignment of Interests Clause in Contracts

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her Membership Interest (collectively, "transfer") except with the prior written consent of the Manager, which consent may be given or withheld, conditioned or delayed, as the Manager may determine in their sole and absolute discretion. Transfers in violation of this Article VII shall only be effective to the extent set forth in Section 7.

Appears in 2 contracts

Samples: Operating Agreement (Freedom Securities Corp /De/), Operating Agreement (Freedom Securiteis Corp /De/)

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Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her Membership Interest (collectively, "transfer") except with the prior written consent of the ManagerSupermajority Interest, which consent may be given or withheld, conditioned or delayeddelayed (as allowed by this Agreement or the Act), as the Manager Supermajority Interest may determine in their sole and absolute discretiondetermine. Transfers in violation of this Article VII 7 shall only be effective to the extent set forth in Section 7.

Appears in 2 contracts

Samples: Operating Agreement (Grill Concepts Inc), Operating Agreement (Grill Concepts Inc)

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her Membership Interest (collectively, "transfer") except with the prior written consent of the Manager, which consent may be given or withheld, conditioned or delayeddelayed (as allowed by this Agreement or the Act), as the Manager may determine in their its sole and absolute discretion. Transfers in violation of this Article VII shall only be effective to the extent set forth in Section 7.

Appears in 2 contracts

Samples: Operating Agreement (Freedom Securities Corp /De/), Operating Agreement (Freedom Securities Corp /De/)

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of his Units except as permitted in Sections 7.4 and 7.8 below or her Membership Interest (collectively, "transfer") except with the prior written consent of all of the Managerother Members, which consent may be given or withheld, conditioned or delayeddelayed (as allowed by this Agreement or the Act), as the Manager other Members may determine in their sole and absolute discretion. Transfers in violation of this Article VII shall only be effective to the extent set forth in Section 7.

Appears in 2 contracts

Samples: Operating Agreement (Atwood Minerals & Mining CORP.), Operating Agreement (Atwood Minerals & Mining CORP.)

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her the Member’s Membership Interest (collectively, "transfer") except with the prior written consent approval of all the Managerother Member(s) that are Class A Members, which consent approval may be given or withheld, conditioned or delayed, withheld as the Manager other Member(s) may determine in their its sole and absolute discretion. Transfers in violation of this Article VII Section 9 shall only be effective to the extent set forth in Section 79.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nutracea)

Transfer and Assignment of Interests. No Member shall be entitled to ------------------------------------ transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her Membership Interest (collectively, "transfer") except with the prior written consent of all of the Managerother Members, which consent may be given or withheld, conditioned or delayeddelayed (as allowed by this Agreement or the Act), as the Manager other Members may determine in their sole and absolute discretion. Transfers in violation of this Article VII shall only be effective to the extent set forth in Section 7.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Transfer and Assignment of Interests. No Except as provided in this Article VII, a Member shall not be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her its Membership Interest (collectively, "transfer") except with the prior written consent of Members holding a majority of the ManagerPercentage Interests held by the non-transferring Members, which consent may be given or withheld, conditioned or delayed, as the Manager such Members may determine in their sole and absolute discretion. Transfers in violation of this Article VII shall only be effective to the extent set forth in Section 7.

Appears in 1 contract

Samples: Operating Agreement (United Leisure Corp)

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Transfer and Assignment of Interests. No Member shall be entitled to ------------------------------------ transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her its Membership Interest including any partial interest (collectively, "transferTransfer") except with the prior written consent approval of all of the Managerother Members, which consent -------- approval may be given or withheld, conditioned or delayeddelayed (as allowed by this Agreement or in the Act), as the Manager such Members may determine in their sole and absolute discretion. Transfers in violation Notwithstanding the foregoing, a Member shall be permitted to Transfer all or any part of this Article VII shall only be effective its Economic Interest to an Affiliate of such Member without the extent set forth in Section 7prior written consent of the other Members.

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

Transfer and Assignment of Interests. No Except for transfers pursuant to this Article VI and Article VII, no Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her such Member's Membership Interest (collectively, "transferTRANSFER") except with the prior written consent approval of the Managerall Members, which consent approval may be given or withheld, conditioned withheld in the sole discretion of the Members. Any transfer or delayed, as the Manager may determine in their sole and absolute discretion. Transfers attempted transfer in violation of this Article VII Agreement shall only be effective to the extent set forth in Section 7void ab initio.

Appears in 1 contract

Samples: Operating Agreement (Vans Inc)

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of his or her Membership Interest (collectively, "transfer") except as permitted in Sections 7.4 and 7.8 below or with the prior written consent of all of the Managerother Members, which consent may be given or withheld, conditioned or delayeddelayed (as allowed by this Agreement or the Act), as the Manager other Members may determine in their sole and absolute discretion. Transfers in violation of this Article VII shall only be effective to the extent set forth in Section 7.

Appears in 1 contract

Samples: Operating Agreement (Global Resource CORP)

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