Transfers by the Manager Prohibited. The Manager’s interest in the Company is that of an agent of the Company and is not susceptible of being sold, assigned, pledged, mortgaged or otherwise disposed of or transferred.
Appears in 4 contracts
Samples: Operating Agreement (Inland Real Estate Corp), Operating Agreement (Inland Real Estate Corp), Operating Agreement (Inland Real Estate Corp)
Transfers by the Manager Prohibited. The Manager’s interest in the Company is that of an agent of the Company and is not susceptible of being sold, assigned, pledged, mortgaged or otherwise disposed of or transferred. Insofar as the Manager may also be a Member, Section 10.4 shall govern the transfer of the Manager’s membership interest.
Appears in 2 contracts
Samples: Membership Unit Purchase Agreement (FVA Ventures, Inc.), Membership Unit Purchase Agreement (FVA Ventures, Inc.)
Transfers by the Manager Prohibited. The Manager’s interest in the Company is that of an agent of the Company under a contractual relationship and is not susceptible of being sold, assigned, pledged, mortgaged or otherwise disposed of or transferred.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Inland Retail Real Estate Trust Inc)
