Assignment of a Member's Entire Interest Sample Clauses

Assignment of a Member's Entire Interest. Upon the assignment of a Member's entire Interest in the Company, a Member ceases to be a Member. For purposes of this provision, assignment of a Member's entire Interest shall mean the transfer voluntarily or by operation of law, of greater than 50 percent of a Member's Interest.
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Assignment of a Member's Entire Interest. Except as otherwise provided in this Agreement, upon the transfer of a Member's entire Membership Interest, a Member ceases to be a Member and shall be deemed to have resigned from the Company.
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Assignment of a Member's Entire Interest. Upon the assignment of a Member’s entire Interest in the Company, a Member ceases to be a Member. The Member shall be deemed to have resigned from the Company and such event shall dissolve the Company pursuant to the provisions of Section 17 below. For purposes of this provision, assignment of a Member’s entire Interest shall mean the transfer, voluntarily or by operation of law, of greater than fiftypercent (50%) of a Member’s Interest.
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Assignment of a Member's Entire Interest. Where the assignment covers the entire Interest of a Member and the purchaser, transferee, or assignee is admitted as a Substitute Member, the power of attorney survives the delivery of the assignment for the sole purpose of enabling such attorney-in-fact to execute, swear to, acknowledge, and file any such agreement, certificate, instrument or document necessary to effect such substitution.
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Related to Assignment of a Member's Entire Interest

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.