Common use of Transfer of Membership Interests Clause in Contracts

Transfer of Membership Interests. A Member may not Assign all or any part of such Member's Membership Interest in the LLC (including any Financial Rights, Governance Rights, or other rights pertaining to a Membership Interest) to any person other than an Affiliate of such Member without the prior written consent of Members holding a Majority of the Membership Interests.

Transfer of Membership Interests. A Except as otherwise provided in this Article XI, a Member may not Assign all or any part of such Member's Membership Interest in the LLC (including any Financial Rights, Governance Rights, or other rights pertaining to a Membership Interest) to any person other than an Affiliate of such Member without the prior written consent of Members holding a Majority majority of the Membership Interests. O'Charley's shall have the right to Assign all or any part of its Membership Interest in the LLC (including any Financial Rights, Governance Rights or other rights pertaining to its Membership Interest) to any of its Affiliates.