Transfer by a Member. If the Member desires to sell or transfer any of the Membership Interests, he, she or it shall provide prior written notice to License Holder and to Service Company, as attorney-in-fact, of his, her or its desire to sell or transfer Membership Interests. The Service Company, as attorney-in-fact, will use commercially reasonable efforts to designate a Designated Transferee(s) within one hundred eighty (180) days following its receipt of such notice and shall specify the same in a written notice to the Member and License Holder. If Service Company so designates such a Designated Transferee(s) within such period, and subject to the limitation stated in Section 3(a) above, then the Member will transfer and convey to the Designated Transferee(s) all of the Membership Interests held by the Member, free and clear of all liens, security interests and other encumbrances, at a closing to be held at the offices of Service Company on such date and at such time within thirty (30) days following the receipt of the Transfer Approval.
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Samples: Membership Interest Transfer Restriction and Succession Agreement (Wolverine Partners Corp.), Membership Interest Transfer Restriction and Succession Agreement (Wolverine Partners Corp.), Membership Interest Transfer Restriction and Succession Agreement (Wolverine Partners Corp.)
