Common use of Transferability of Membership Interest Clause in Contracts

Transferability of Membership Interest. Expect as the Member may agree in writing, the interest of the Member in the Company is transferable, either voluntarily or by operation of law. The Member may sell, assign, transfer, exchange, mortgage, pledge, grant, hypothecate, encumber, or otherwise transfer all or a portion of its interest in the Company (including as security). Upon the transfer of the interest, the transferee shall be admitted as a member of the Company.

Transferability of Membership Interest. Expect Except as the Member may agree in writing, the membership interest of the Member in the Company is transferable, transferable either voluntarily or by operation of law. The Member may sell, assign, transfer, exchange, mortgage, pledge, grant, hypothecate, encumber, or otherwise transfer all All or a portion of its the membership interest of the Member in the Company may be sold, assigned, transferred, exchanged, mortgaged, pledged, granted, hypothecated, encumbered or otherwise transferred (including whether absolutely or as security). Upon the transfer of the interestentire membership interest of the Member in the Company, the transferee shall be admitted as a member at the time of the transfer and shall obtain all of the rights appurtenant to being a member of the Company.

Transferability of Membership Interest. Expect as the Member may agree in writing, the The interest of the Member in the Company is transferable, transferable without restriction either voluntarily or by operation of law. The Member may sell, assign, transfer, exchange, mortgage, pledge, grant, hypothecate, encumber, encumber or otherwise transfer (whether absolutely or as security) all or a portion of its the interest of the Member in the Company (including as security)Company. Upon the transfer of the interestinterest of the Member in the Company, the transferee shall be admitted as a member of the Company at the time of the transfer and shall obtain all of the rights appurtenant to being a member of the Company.