Transfer of Company Interest. (a) No Holder shall Transfer all or any portion of his, her or its Common Units in the Company without the prior written consent of the Board, which consent may be given or withheld in its sole discretion. Other than as collateral security for loans provided to the Board or an Affiliate thereof, no Holder shall pledge or otherwise encumber all or any portion of his, her or its Common Units without the prior written consent of the Board, which consent may be given or withheld in its sole and absolute discretion.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC)
Transfer of Company Interest. (a) No Holder shall Transfer transfer all or any portion of his, her or its Common Units in the Company without the unanimous prior written consent of the BoardMembers, which consent may be given or withheld in its each Member’s sole discretion. Other than as collateral security for loans provided to the Board Member(s) or an Affiliate Affiliates thereof, no Holder shall pledge or otherwise encumber all or any portion of his, her or its Common Units without the unanimous prior written consent of the BoardMembers, which consent may be given or withheld in its each Member’s sole and absolute discretion.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Grede Wisconsin Subsidiaries LLC), Limited Liability Company Agreement (Jernberg Industries, LLC)
Transfer of Company Interest. (a) No Holder shall Transfer all or any portion of his, her or its Common Units in the Company without the prior written consent of the Board, which consent may be given or withheld in its sole discretion. Other than as collateral security for loans provided to the Board or an Affiliate thereof, no Holder shall pledge or otherwise encumber all or any portion of his, her or its Common Units without the prior written consent of the Board, which consent may be given or withheld in its sole and absolute discretion.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Sensata Technologies Holland, B.V.)
Transfer of Company Interest. (a) No Holder Member shall Transfer sell, assign, transfer or otherwise dispose of, whether voluntarily or involuntarily or by operation of law (a “Transfer”), all or any portion of his, her or its Common Units interest in the Company without the prior written consent of the Board, which consent may be given or withheld in its sole discretion. Other than as collateral security for loans provided to the Board or an Affiliate thereof, no Holder No Member shall pledge or otherwise encumber all or any portion of his, her or its Common Units interest in the Company, without the prior written consent of the Board, which consent may be given or withheld in its sole and absolute discretion.
Appears in 1 contract
Samples: Operating Agreement (Jacob Leinenkugel Brewing Co., LLC)
