Common use of Transfer of Company Interest Clause in Contracts

Transfer of Company Interest. (a) Except as otherwise set forth in Section 5.1(b), no Member shall 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 interest in the Company without the prior written consent of the Manager, which consent may be given or withheld in its sole discretion.

Transfer of Company Interest. (a) Except as otherwise set forth in Section 5.1(b), no No Member shall 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 interest in the Company without the prior written consent of the Manager, which consent may be given or withheld in its sole discretion. No Member shall pledge or otherwise encumber all or any portion of his, her or its interest in the Company, without the prior written consent of the Manager, which consent may be given or withheld in its sole discretion.

Transfer of Company Interest. (a) Except as otherwise set forth in Subject to Section 5.1(b)5.3, no Member shall 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 such Member’s interest in the Company without the prior written consent of the ManagerBoard of Managers, which consent may be given or withheld in its sole discretion.

Transfer of Company Interest. (a) Except as otherwise set forth in Subject to Section 5.1(b)5.3, no Member shall 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 such Member's interest in the Company without the prior written consent of the ManagerBoard of Managers, which consent may be given or withheld in its sole discretion.