Common use of Transfer of Interests of Members Clause in Contracts

Transfer of Interests of Members. (a) An Interest of a Member may be transferred only (i) by operation of law pursuant to the death, bankruptcy, insolvency, dissolution or incompetency of such Member or (ii) under certain limited circumstances with the written consent of the Board (which may be withheld in its sole discretion).

Transfer of Interests of Members. (a) An Interest of a Member may be transferred only (i) by operation of law pursuant to the death, bankruptcy, insolvency, insolvency or dissolution or incompetency of such Member or (ii) under certain limited circumstances with the written consent of the Board (which may be withheld in its sole discretion).

Transfer of Interests of Members. (a) An A Member’s Interest of a Member or portion thereof may be transferred Transferred only (i) by operation of law pursuant to in connection with the death, divorce, bankruptcy, insolvency, dissolution insolvency or incompetency adjudicated incompetence of such Member or (ii) under certain limited circumstances with the written consent of the Board (Fund, which may be withheld in its sole discretion).

Transfer of Interests of Members. (a) An Interest of a Member may be transferred Transferred only (i) by operation of law pursuant to the death, divorce, bankruptcy, insolvency, insolvency or dissolution or incompetency of such Member (if applicable) or (ii) under certain limited circumstances circumstances, with the written consent of the Board of Managers (which may be withheld in its sole discretion)discretion and is expected to be granted, if at all, only under extenuating circumstances) following confirmation by counsel to the Company that the transfer will not cause the Company to be treated as a "publicly traded partnership" taxable as a corporation.

Transfer of Interests of Members. (a) An Interest of a Member A Member’s Interests or portion thereof may be transferred Transferred only (i) by operation of law pursuant to in connection with the death, divorce, bankruptcy, insolvency, dissolution insolvency or incompetency adjudicated incompetence of such Member or (ii) under certain limited circumstances with the written consent of the Board (Fund, which may be withheld in its sole discretion).

Transfer of Interests of Members. (a) An Interest of a Member may be transferred only (i) by operation of law pursuant to the death, bankruptcy, insolvency, dissolution or incompetency of such Member or (ii) under certain limited circumstances with the written consent of the Manager, pursuant to authority delegated by Board to the Manager for such purpose (which consent may be withheld in its the Manager’s sole discretion).