Transfers by the Manager. The Manager may not Transfer all or any part of its interest in the Fund, provided that the Manager may Transfer all or a portion of its interest in the Fund to a Person directly or indirectly controlled by the Manager. If the Manager Transfers its entire interest in the Fund pursuant to this Section 9.6, the Transferee shall automatically be admitted to the Fund as a replacement manager immediately prior to such Transfer without any further action, approval or vote of any Person, including any other Member, upon execution of a counterpart of this Agreement and such Transferee shall continue the investment or other activities of the Fund without dissolution of the Fund.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC), Limited Liability Company Agreement (Ridgewood Energy Y Fund LLC), Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC)
Transfers by the Manager. The Manager may not Transfer all or any part of its interest in the Fund, provided that the Manager may Transfer all or a portion of its interest in the Fund to a Person directly or indirectly controlled by the Manager. If the Manager Transfers its entire interest in the Fund pursuant to this Section 9.6, the Transferee transferee shall automatically be admitted to the Fund as a replacement manager immediately prior to such Transfer without any further action, approval or vote of any Person, including any other Member, upon execution of a counterpart of this Agreement and such Transferee shall continue the investment or other activities of the Fund without dissolution of the Fund.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy W Fund LLC), Limited Liability Company Agreement (Ridgewood Energy W Fund LLC)
