Common use of Transfer of Membership Units Clause in Contracts

Transfer of Membership Units. Except for Transfers duly made in accordance with Article VII, no Transfer of Membership Units shall be valid as against the Company. Upon any such Transfer, the Member Transferring Membership Units shall surrender certificate therefor, accompanied by an instrument of assignment or transfer by the Member duly executed with signature guarantees, and otherwise complying with such requirements as the Managing Member may impose.

Transfer of Membership Units. Except for Transfers duly made in accordance with Article ARTICLE VII, no Transfer of Membership Units shall be valid as against the Company. Upon any such Transfer, Company except upon surrender to and cancellation of the Member Transferring Membership Units shall surrender certificate therefor, accompanied by an instrument of assignment or transfer by the Member duly executed with signature guaranteesMember, and otherwise complying with such requirements as the Managing Member may imposesubject to any restrictions on Transfer contained in this Agreement.

Transfer of Membership Units. Except for Transfers duly made in accordance with Article VII6, no Transfer of Membership Units shall be valid as against the Company. Upon any such Transfer, Company except upon surrender to and cancellation of the Member Transferring Membership Units shall surrender certificate therefor, accompanied by an instrument of assignment or transfer by the Member duly executed with signature guaranteesMember, and otherwise complying with such requirements as the Managing Member may imposesubject to any restrictions on Transfer contained in this Agreement.