Common use of UNAUTHORIZED TRANSFERS Clause in Contracts

UNAUTHORIZED TRANSFERS. Any purported Transfer by a Member or other Holder of a Membership Interest, Economic Interest or Units that does not comply with Section 9.1 or Section 9.2 or is not recognized by the Company under Section 9.4 will be null and void, and the transferee under such purported Transfer will acquire no title or ownership thereby but will hold such Economic Interest or Units for the benefit of the other Members or Holders.

UNAUTHORIZED TRANSFERS. Any To the fullest extent permitted by law, any purported Transfer by a Member or other Holder of a Membership Interest, Economic Interest or Units Unit that does not comply with Section 9.1 or Section 9.2 8.1 or is not recognized by the Company under Section 9.4 8.3 will be null and voidvoid ab initio and shall not be recognized by the Company, and the transferee under such purported Transfer will acquire no title or ownership thereby but will hold such Economic Interest or Units for the benefit of the other Members or HoldersMembers.

UNAUTHORIZED TRANSFERS. Any To the fullest extent permitted by law, any purported Transfer by a Member or other Holder holder of a Membership Interest, Economic Interest or Units that does not comply with Section 9.1 or Section 9.2 8.1 or is not recognized by the Company under Section 9.4 8.4 will be null and voidvoid ab initio and shall not be recognized by the Company, and the transferee under such purported Transfer will acquire no title or ownership thereby but will hold such Economic Interest or Units for the benefit of the other Members or Holdersholders of Economic Interests.