Transfer by Member. (i) The Member shall have the right to transfer all or a portion of the Member’s Membership Interest and shall have the power to grant a transferee the right to become a Member.
Transfer by Member. Subject to Article VII, the Sole Member may transfer or assign all or part of its interest as a Unitholder in the Company to any Person that agrees in writing to assume the responsibility of a Member. If the Sole Member shall assign any Units in the Company, the Sole Member shall cease to be a Member of the Company with respect to such Units and shall no longer have any rights or privileges of a Member with respect to such Units. Any Member or Assignee who acquires in any manner whatsoever any Units, irrespective of whether such Person has accepted and adopted in writing the terms and provisions of this Agreement, shall be deemed by the acceptance of the benefits of the acquisition thereof to have agreed to be subject to and bound by all of the terms and conditions of this Agreement that any predecessor in such Units or other interest in the Company was subject to or by which such predecessor was bound. No Member shall cease to be a Member upon the collateral assignment of, or the pledging or granting of a security interest in, its entire interest in the Company.
Transfer by Member. In addition to the requirements set forth elsewhere in this Article XII, no Transfer by a Member of all or part of its Membership Interest, pursuant to Section 12.1, whether or not for value, shall be effective unless: (i) such Transfer is made in form reasonably satisfactory to the Board; and (ii) the transferor, transferee, and (if necessary) other Members have executed all such certificates and other documents and performed all such acts as the Board deems reasonably necessary to effect a valid transfer and to preserve the rights, status and existence of the Company.
Transfer by Member. No Member shall Transfer its Units without (i) complying with Article 6 and Sections 9.3, 10.1 and 10.2, and (ii) the prior written consent of the Board of Managers, which consent shall not be unreasonably withheld.
Transfer by Member. No Member may sell, transfer, assign, or otherwise dispose of all or any portion of its Company Interest, or withdraw or retire from the Company, without the written consent of the Manager, such consent not to be unreasonably withheld. If the Manager does not approve in writing the proposed sale, transfer, assignment or other disposition, or withdrawal or retirement within ten (10) days following receipt of a written request for approval, then such action shall be deemed disapproved.
Transfer by Member
