Units Have Not Been Registered Clause Samples
Units Have Not Been Registered. Each of the Members acknowledges that the Units were issued in transactions that were exempt from the registration requirements of the Securities Act, have not been registered under any federal or state securities laws and, as a result thereof and in addition to the limitations on Transfer set forth in Article VIII, may not be sold or otherwise Transferred unless such Transfer is exempt from registration under such laws or the Transfer is registered under such laws.
Units Have Not Been Registered. Buyer understands that the Units have not been registered under the Securities Act of 1933 as amended (the "Securities Act"), there is no plan or intent to register said Units, and acknowledges that as the controlling member of Company after the Closing Date Buyer will have complete control over whether the Units will ever be registered.