Common use of Void Transfers Clause in Contracts

Void Transfers. Any Transfer by any Unitholder of any Units or other interest in the LLC in contravention of this Agreement (including the failure of the Transferee to execute a counterpart in accordance with Section 10.5(a)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other Person. No purported assignee shall have any right to any profits, losses or distributions of the LLC.

Void Transfers. Any Transfer by any Unitholder Member of any Units Shares or other interest in the LLC in contravention of this Agreement in any respect (including including, without limitation, the failure of the Transferee to execute a counterpart in accordance with Section 10.5(a9.1(b)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other Personparty. No purported assignee shall have any right to any profits, losses or distributions of the LLC.

Void Transfers. Any Transfer by any Unitholder of any Units or other interest in the LLC in contravention of this Agreement (including the failure of the Transferee to execute a counterpart in accordance with Section 10.5(a)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other Personparty. No purported assignee shall have any right to any profits, losses or distributions of the LLC.

Void Transfers. Any Transfer by any Unitholder of any Units or other interest in the LLC in contravention of this Agreement (including including, without limitation, the failure of the Transferee transferee to execute a counterpart in accordance with Section 10.5(a10.1(b)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other Personparty. No purported assignee shall have any right to any profits, losses or distributions of the LLC.. ARTICLE XI

Void Transfers. Any Transfer by any Member or Unitholder of any Units or other interest in the Holdings LLC in contravention of this Agreement (including including, without limitation, the failure of the Transferee to execute a counterpart in accordance with Section 10.5(a)to this Agreement) or which would cause the Holdings LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the Holdings LLC or any other Personparty. No purported assignee of a void transfer shall have any right to any profitsProfits, losses Losses or distributions Distributions of the Holdings LLC.

Void Transfers. Any Transfer by any Member or Unitholder of any Units or other interest interests in the LLC in contravention of this Agreement (including the failure of the Transferee transferee to execute a counterpart Joinder Agreement in accordance with Section 10.5(a9.1(b)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other Personparty. No purported assignee in a Transfer described in the preceding sentence shall have any right to any profitsProfits, losses Losses or distributions Distributions of the LLC.