Common use of TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS Clause in Contracts

TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS. The Member may at any time transfer all or any part of its membership interest in the Company. The transferee of the Member’s entire membership interest shall become a member of the Company and the transferring Member shall cease to be a member of the Company upon consummation of the transfer, provided that the transferring Member shall have the right to such information as may be necessary for the computation of the transferring Member’s federal and state income tax liability for the year of the transfer. If the Member transfers less than all of its membership interest and the Company or the Company admits any person as an additional member, appropriate amendments shall be made to this Agreement to reflect the change in the Company’s tax classification that would result from such transfer or admission.

TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS. The Member may at any time transfer all or any part of its membership interest Membership Interest in the Company. The transferee of the Member’s entire membership interest Membership Interest shall become a member of the Company and the transferring Member shall cease to be a member of the Company upon consummation of the transfer, provided that the transferring Member shall have the right to such information as may be necessary for the computation of the transferring Member’s federal and state income tax liability for the year of the transfer. If the Member transfers less than all of its membership interest Membership Interest and the Company or the Company admits any person as an additional member, appropriate amendments shall be made to this Agreement to reflect the change in the Company’s tax classification that would result from such transfer or admission.

TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS. The Any Member may at any time transfer Transfer all or any part of its membership interest in the CompanyMembership Interest. The transferee of the any Member’s entire membership interest Membership Interest shall become a member of the Company and the transferring Member shall cease to be a member of the Company upon consummation of the transferTransfer; provided, provided that the transferring Member shall have the right to such information as may be necessary for the computation of the transferring Member’s federal and state income tax liability for the year of the transferTransfer. If the Any Member transfers may Transfer less than all of its membership interest Membership Interest and the Company or the Company admits may admit any person Person as an additional memberAdditional Member if such admission is approved by the Members, appropriate amendments in which case this Agreement shall be made to this Agreement amended to reflect the change in the Company’s income tax classification that would result from such transfer Transfer or admission.

TRANSFER OF INTERESTS AND ADMISSION OF MEMBERS. Membership interests in the Company shall be certificated. The Member may at any time transfer all or any part of its membership interest in the Company. The transferee of the Member’s entire membership interest shall become a member of the Company and the transferring Member shall cease to be a member of the Company upon consummation of the transfer, provided that the transferring Member shall have the right to such information as may be necessary for the computation of the transferring Member’s federal and state income tax liability for the year of the transfer. If the Member transfers less than all of its membership interest and the Company or the Company admits any person as an additional member, appropriate amendments shall be made to this Agreement to reflect the change in the Company’s tax classification that would result from such transfer or admission.