Transfer of Membership. Your Membership applies solely to you and may not be sold, transferred to, or used by, any other person.
Transfer of Membership. Membership shall not be transferred except with the approval and consent of the Board of Managers and in accordance with the Capital Units Transfer System.
Transfer of Membership. Membership is personal and may not be used by or transferred to others. Xxxxx retains the right to transfer the agreement with all rights to a third party.
Transfer of Membership. A Member of the Corporation may not transfer its membership or a right arising from it except to any Person succeeding to all or substantially all of the assets of the Member. If challenged, the President shall have authority to approve any such transfer, subject to review by the Board.
Transfer of Membership. Applicant’s membership and this Agreement are personal to Applicant and are not transferable without the prior written consent of VDES Alliance. A membership may be transferred in accordance with the procedures set forth in the VDES Alliance Bylaws and upon approval by the Board of Directors.
Transfer of Membership. The Association membership of each Owner (including Developer) shall be appurtenant to the lot giving rise to such membership, and shall not be assigned, transferred, pledged, conveyed or alienated in any way except upon the transfer of title to said lot and only to the transferee of title to such lot. Any attempt to make a prohibited transfer shall be void. Any transfer of title to a lot shall operate automatically to transfer the membership in the Association appurtenant thereto to the new owner thereof.
Transfer of Membership. Members shall be entitled to transfer their membership, including all its rights and obligations pursuant to this Agreement, to another legal or natural person that meets the Membership Criteria in the following conditions:
a) without approval of the Steering Committee if the transferring member transfers its full membership (complete assignment) to an Affiliate in the event of restructuring within a group of companies or if it transfers to the same legal or natural person all its business related to the Substances, or in case of assignment from one Only Representative to another for the same principal;
b) with the approval of a Qualified Majority of the Steering Committee in other cases, including in case of partial transfer. The transfer shall be effective only to the extent that the transferring Member has paid all its due contribution to this Agreement and after until the transferee agrees in writing to assume the responsibilities of the transferor in accordance with this Agreement, including but not limited to any outstanding financial obligations.
Transfer of Membership. Membership in the Association shall be appurtenant to each Lot and a membership in the Association shall not be transferred, pledged or alienated in any way, except upon the sale of a Lot and then only to such Purchaser, or by intestate succession, testamentary disposition, foreclosure of mortgage of record or other legal process. Any attempt to make a prohibited transfer shall be void and shall not be reflected upon the books and records of the Association. The Association shall have the right to charge a reasonable transfer fee to the Purchaser in connection with any transfer of a Lot.
Transfer of Membership. (a) The membership of each Unit Owner in the Corporation and its right to appoint a Director to the Board shall be as defined in this Declaration, the Articles and Bylaws and shall be appurtenant to the Condominium giving rise to such membership. Such membership shall not be assigned, transferred, pledged, conveyed or alienated in any way, except:
(1) the giving of a proxy by a Unit Owner to a Unit Mortgagee;
(2) assignment of membership by a Unit Owner to a Unit Mortgagee during foreclosure proceedings;
(3) assignment of membership by a Unit Owner to a lessee who qualifies as a "Unit Owner" pursuant to Section 2.01(w); and
(4) upon the transfer of title to said Condominium and then only to the transferee.
(b) Any attempt to make a prohibited transfer shall be void. Subject to Sections 2.01(w), 3.02 and 9.07(a) above, transfer of a Unit Owner's entire interest in a Condominium shall operate automatically to transfer the appurtenant membership in the Corporation to the new Owner thereof.
(c) If a Unit Owner's entire interest in the Agency Space is acquired by another Unit Owner(s), then the transferring Unit Owner's membership in the Corporation shall be merged for all purposes, including but not limited to voting rights, into the membership(s) of the acquiring Unit Owner(s) for so long as such acquiring Unit Owner(s) hold such Condominium interest(s). For example, if one Unit Owner sells its entire interest in the Agency Space to another Unit Owner, the remaining Unit Owner would have the percentage vote attributable to the two Units it owns. If the acquiring Unit Owner later sold such interest to a third party, its percentage vote on the Board would be reduced to the percentage vote it held originally.
Transfer of Membership. 8.1. Your membership is not transferable by you, nor able to be exchanged, resold or redeemed for cash.
8.2. Except to the extent permitted by law, memberships are not refundable.
8.3. N/A: [Your membership card must not be used by anyone other than you. If a Membership Card is lost or stolen, we reserve the right to charge you a fee of [$5.00] to obtain a replacement Membership Card.]
