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.
Appears in 4 contracts
Samples: Employment Agreement (Simon Worldwide Inc), Employment Agreement (Simon Worldwide Inc), Limited Liability Company Agreement (Simon Worldwide Inc)
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.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DJSP Enterprises, Inc.), Limited Liability Company Agreement (Chardan 2008 China Acquisition Corp.)
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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Genius Products Inc)
