Transfers by Member. The Member may Transfer all, or any portion of, the Member’s interest or rights in the Member’s Membership Rights to one or more Successors.
Transfers by Member. The Member may transfer, sell, assign, alienate, encumber, mortgage, pledge or otherwise dispose of all or any portion of its interest in the Company.
Transfers by Member. No Member may pledge, assign, sell, transfer, exchange, hypothecate or otherwise encumber or dispose of his or her Units in the Company or any rights with respect thereto without the prior consent of the Manager and Members owning a majority of the Units owned by all Members .Upon compliance with the requirements of this Article VII, as determined by the Manager (in which determination a transferring Manager may not participate), a Person acquiring one or more Units shall be admitted to the Company as a substitute member pursuant to Section 18-704(a) of the Delaware Act.
Transfers by Member. The Member may Transfer all, or any portion of, the Member’s Interest to one or more Successors in accordance with section 608.432 of the Act.
Transfers by Member. The rights and duties set forth in this Agreement are specific to Member, and Xxxxxxxxxxx has granted rights under this Agreement in reliance on Member’s and Member’s Controlling Owners’ business skill, financial capacity, and personal character. If Member or any of Member’s Controlling Owners wish to effect a transfer of this Agreement, a Controlling Interest in Member, or all or most or all of the assets of Member, the transferor and the proposed transferee shall apply to Vanderburgh for Vanderburgh’s consent. Vanderburgh reserves the right, in its sole discretion, to approve, decline to approve, or conditionally approve any application for transfer based on the reasonable application of Vanderburgh’s then-current requirements for new chartered operators. If any of Member’s Controlling Owners should seek to effect a Transfer, Member shall promptly notify Vanderburgh of the proposed Transfer in writing and shall provide
