Common use of Transfer of a Member's Membership Interest Clause in Contracts

Transfer of a Member's Membership Interest. Subject to the provisions ------------------------------------------- of this Article VIII, each Member may sell, assign, give, pledge, hypothecate, encumber or otherwise transfer, including, without limitation, any assignment or transfer by operation of law or by order of court, such Member's Membership Interest in the Company, with the consent of the other Members and the Managers (which may not be unreasonably withheld or delayed).