Common use of Transfer or Termination of Rights Clause in Contracts

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement except in conjunction with a Transfer or termination of such Member's Ownership Interest permitted by the Agreement. Any such permitted Transfer shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership Interest.

Appears in 2 contracts

Samples: Limited Liability Company Members' Agreement, Limited Liability Company Members' Agreement (Uranium Energy Corp)

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Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such the Member's Ownership Interest permitted by the AgreementLLC Agreement as Amended. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership Interestas Amended.

Appears in 2 contracts

Samples: Technical Services Agreement (U S Gold Corp), U S Gold Corp

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such the Member's Ownership Interest permitted by the AgreementOA. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership Interest.SECTION 7.2

Appears in 1 contract

Samples: Members' Agreement (Battle Mountain Gold Exploration Corp.)

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such the Member's ’s Ownership Interest permitted by the LLC Agreement. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that In addition, any Transfer of a Member's ’s Ownership Interest shall also include a corresponding transfer of the Member’s rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership InterestAgreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Thunder Mountain Gold Inc)

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such the Member's ’s Ownership Interest permitted by the LLC Agreement. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's ’s rights and obligations under this Agreement be assigned in connection with the Transfer transfer of its Ownership Interest.

Appears in 1 contract

Samples: Members’ Agreement (Western Goldfields Inc)

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such the Member's ’s Ownership Interest permitted by the LLC Agreement. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's ’s rights and obligations under this Agreement be assigned in connection with the Transfer transfer of its Ownership Interest.

Appears in 1 contract

Samples: Members’ Agreement (Golden Phoenix Minerals Inc)

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such Member's the Members Ownership Interest permitted by the LLC Agreement. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership Interest.

Appears in 1 contract

Samples: Members Agreement (U S Gold Corp)

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Transfer or Termination of Rights. Neither No Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such the Member's Ownership Interest permitted by the Operating Agreement. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership Interest.

Appears in 1 contract

Samples: Members' Agreement (U S Gold Corp)

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement this Agreement, except in conjunction with a Transfer transfer or termination of such the Member's Ownership Interest permitted by the LLC Agreement. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership Interest.

Appears in 1 contract

Samples: U S Gold Corp

Transfer or Termination of Rights. Neither Member shall Transfer all or any part of its rights or obligations under this Agreement, except in conjunction with a transfer or termination of the Member's Ownership Interest permitted by the Operating Agreement. Neither Member shall Transfer all or any part of its rights or obligations under the Agreement Operating Agreement, except in conjunction with a Transfer transfer or termination of such Member's Ownership Interest permitted by the its rights under this Agreement. Any such permitted Transfer assignment shall be subject to the consent requirements of Section 7.2 of the LLC Operating Agreement. Nothing in this Section 5.1 requires that a Member's rights and obligations under this Agreement be assigned in connection with the Transfer of its Ownership Interest.

Appears in 1 contract

Samples: Members' Agreement (Great Plains Energy Inc)

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