Void Assignment. Any Transfer by any Holder in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by Holdings LLC or any other Person. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profits or losses or Distributions of Holdings LLC or any other rights of a Holder.
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 Holder Member in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by Holdings LLC the Company or any other Person. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profits or profits, losses or Distributions of Holdings LLC the Company or any other rights of a HolderMember.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Pc Tel Inc), Limited Liability Company Agreement (Pc Tel Inc)
Void Assignment. Any Transfer by purported transfer of any Holder Equity Interests of the Company in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by Holdings LLC the Company or any other PersonParty, 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 or profits, losses or Distributions distributions of Holdings LLC the Company or any other rights of a HolderUnitholder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Dynegy Inc.), Limited Liability Company Agreement (Dynegy Inc.)
Void Assignment. Any Transfer by any Holder Member in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by Holdings LLC the Company or any other Personparty. In the event of any Transfer in contravention of this Agreement, the purported transferee shall have no right to any profits or profits, losses or Distributions distributions of Holdings LLC the Company or any other rights of a HolderMember. 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.)
