Void Assignment. Any Transfer by any Member in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other party. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profits, losses or distributions of the Company or any other rights of a Member.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (PRETIUM CANADA Co), Limited Liability Company Agreement (Centerpoint Properties Trust), Limited Liability Company Agreement (Centerpoint Properties Trust)
Void Assignment. Any Transfer by any Member Holder in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company Holdings LLC or any other partyPerson. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profits, profits or losses or distributions Distributions of the Company Holdings LLC or any other rights of a MemberHolder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (ECPM Holdings, LLC), Limited Liability Company Agreement (ECPM Holdings, LLC)
Void Assignment. Any Transfer by any Member in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other party. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profitsProfits, losses Losses or distributions of the Company or any other rights of a Member.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Agreement (Hanson Luise V)
Void Assignment. Any Transfer by purported transfer of any Member Equity Interests of the Company in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other partyParty, and the Company shall not record such transfer on its books or treat any purported transferee of such Equity Interests as the owner of such Equity Interests for any purpose. In the event of any Transfer transfer in contravention of this Agreement, the purported transferee shall have no right to any profits, losses or distributions of the Company or any other rights of a MemberUnitholder.
Appears in 2 contracts
Samples: Interim Sponsors Agreement (Dynegy Inc.), Interim Sponsors Agreement (Dynegy Inc.)
Void Assignment. Any Transfer by any Member in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other partyPerson. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profits, losses or distributions Distributions of the Company or any other rights of a Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Pc Tel Inc), Limited Liability Company Agreement (Pc Tel Inc)
Void Assignment. Any Transfer by any Member in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other party. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profits, losses or distributions of the Company or any other rights of a Member. All rights provided under this Article IX shall be subject to the terms of any applicable Mortgage Loan documents.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Phillips Edison Grocery Center Reit Ii, Inc.)
Void Assignment. Any Transfer by any Member of any Units or other interests in the Company in contravention of this Agreement shall shall, to the fullest extent permitted by law, be void and ineffectual and shall not bind or be recognized by the Company or any other party. In the event of any Transfer No purported transferee in contravention violation of this Agreement, the purported transferee Agreement shall have no any right to any profitsProfits, losses Losses or distributions Distributions of the Company or any other rights of a MemberCompany.
Appears in 1 contract
