Transfer of Interests in the Company. The Member may sell, assign, transfer, convey, gift, exchange, pledge, hypothecate or otherwise dispose of (“Transfer”) any or all of its Common Interests to any person or entity; provided, however, that such person or entity to whom such Common Interests are Transferred shall be an assignee and shall have no right to participate in the Company’s business and affairs unless and until such person or entity shall be admitted as a member of the Company upon (i) the prior written approval by the Member pursuant to Section 2.5 of this Agreement and (ii) receipt by the Company of a written agreement executed by the person or entity to whom such Common Interests are Transferred agreeing to be bound by the terms of this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Atlis Motor Vehicles Inc), Limited Liability Company Agreement (Crane Co /De/), Limited Liability Company Agreement (A.W. Realty Company, LLC)
Transfer of Interests in the Company. The Member may sell, assign, transfer, convey, gift, exchange, pledge, hypothecate or otherwise dispose of (“Transfer”) any or all of its Common Interests to any person or entity; provided, however, that such person or entity to whom such Common Interests are Transferred shall be an assignee and shall have no right to participate in the Company’s business and affairs unless and until such person or entity shall be admitted as a member of the Company upon (i) the prior written approval by the Board and the Member pursuant to Section 2.5 of this Agreement and (ii) receipt by the Company of a written agreement executed by the person or entity to whom such Common Interests are Transferred agreeing to be bound by the terms of this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Anywhere Real Estate Group LLC), Limited Liability Company Agreement (Realogy Holdings Corp.)
Transfer of Interests in the Company. The Member may sell, assign, transfer, convey, gift, exchange, pledge, hypothecate or otherwise dispose of (“Transfer”) any or all of its Common Interests Units to any person or entity; provided, however, that such person or entity to whom such Common Interests Units are Transferred shall be an assignee and shall have no right to participate in the Company’s business and affairs unless and until such person or entity shall be admitted as a member of the Company upon (i) the prior written approval by the Member Board pursuant to Section 2.5 of this Agreement and (ii) receipt by the Company of a written agreement executed by the person or entity to whom such Common Interests Units are Transferred agreeing to be bound by the terms of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Potomac Holding LLC)
Transfer of Interests in the Company. The Member may sell, assign, transfer, convey, gift, exchange, pledge, hypothecate or otherwise dispose of (“Transfer”) any or all of its Common Interests Units to any person or entity; provided, however, that such person or entity to whom such Common Interests Units are Transferred shall be an assignee and shall have no right to participate in the Company’s 's business and affairs unless and until such person or entity shall be admitted as a member of the Company upon (i) the prior written approval by the Member Board pursuant to Section 2.5 of this Agreement and (ii) receipt by the Company of a written agreement executed by the person or entity to whom such Common Interests Units are Transferred agreeing to be bound by the terms of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NCR Atleos, LLC)
Transfer of Interests in the Company. The Member may sell, assign, transfer, convey, gift, exchange, pledge, hypothecate or otherwise dispose of (“Transfer”) any or all of its Common Interests to any person or entity; provided, however, that such person or entity to whom such Common Interests are Transferred shall be an assignee and shall have no right to participate in the Company’s business and affairs unless and until such person or entity shall be admitted as a member of the Company upon (i) the prior written approval by the Member Board of Managers pursuant to Section 2.5 of this Agreement and (ii) receipt by the Company of a written agreement executed by the person or entity to whom such Common Interests are Transferred agreeing to be bound by the terms of this Agreement.
Appears in 1 contract
