Transferor Member definition
Examples of Transferor Member in a sentence
A Permitted Transferee of Interests pursuant to Section 8.02(a) or (b) may Transfer its Interests pursuant to this Section 8.03 only to the Member who Transferred such Interests to the Permitted Transferee (the “Transferor Member”) or to a Person that would be a Permitted Transferee of such Transferor Member at the time of such subsequent Transfer.
In the event that any Person that holds any Interests as a Permitted Transferee of any Transferor Member pursuant to Section 8.02(b) ceases to satisfy the requirements of this Agreement such that such Person would not be a “Permitted Transferee” under the terms of this Agreement, such Person shall promptly Transfer to such original Member or another Permitted Transferee all Interests held by such person in a manner that complies with Section 8.01(b).