Assignments of Membership Interest Sample Clauses

The "Assignments of Membership Interest" clause governs how a member of a company, typically an LLC, can transfer or assign their ownership interest to another party. This clause usually outlines the conditions under which assignments are permitted, such as requiring approval from other members or compliance with specific procedures, and may restrict assignments to ensure the company maintains control over its membership. Its core function is to regulate changes in ownership, protecting the company and its members from unwanted or disruptive transfers and ensuring stability in the membership structure.
Assignments of Membership Interest. (a) No Non-Managing Member may sell, assign, pledge or otherwise transfer or encumber (collectively "transfer") all or any part of his interest in the Company, nor shall any Non-Managing Member have the power to substitute a transferee in his place as a substitute Non-Managing Member, without, in either event, having obtained the prior written consent of the Managing Member, which consent may be given or withheld in its sole discretion. (b) The Managing Member may not transfer all or any part of its interest in the Company, nor shall the Managing Member have the power to substitute a transferee in its place as a substitute Managing Member, without, in either event, having obtained the consent of all of the Non-Managing Members.
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Assignments of Membership Interest. No Member may sell, assign, pledge or otherwise transfer or encumber (collectively, “Transfer”) all or any part of its interest in the Company, nor shall any Member have the power to substitute a transferee in its place as a substitute Member, without, in either event, having obtained the prior written consent of the Managing Member, whose consent may be given or withheld in its sole discretion.
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Assignments of Membership Interest. A Member may not sell, assign or otherwise transfer (collectively, a "TRANSFER") any of its Membership Interest or Voting Interest in the Company or its Economic Allocation to any Person without the written consent of the other Member, which consent may be granted or withheld in its sole and absolute discretion; PROVIDED, HOWEVER, that a Member may pledge its Membership Interest, Voting Interest or Economic Allocation pursuant to any collateral requirements of its lenders (and such lenders may realize upon such pledged Membership Interest, Voting Interest or Economic Allocation) without the consent of the other Member.
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Assignments of Membership Interest. No H▇▇▇▇▇▇ & F▇▇▇▇▇▇▇ Member may sell, assign, pledge or otherwise transfer or encumber (collectively, “transfer”) all or part of its interest in the Company, nor shall any H▇▇▇▇▇▇ & F▇▇▇▇▇▇▇ Member have the power to substitute a transferee in its place as a substitute Member, without, in either event, having obtained the prior written consent of the H▇▇▇▇▇▇ & F▇▇▇▇▇▇▇ Members, whose consent may be given or withheld in their sole discretion. No Silver Lake Member may transfer all or part of his interest in the Company, nor shall any Silver Lake Member have the power to substitute a transferee in its place as a substitute Member, without, in either event, having obtained the prior written consent of the Silver Lake Members, whose consent may be given or withheld in their sole discretion.
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Assignments of Membership Interest. No Member may sell, assign, pledge or otherwise transfer or encumber (collectively "transfer") all or any part of its interest in the Company, nor shall any Member have the power to substitute a transferee in his place as a substitute Member, without, in either event, having obtained the prior written consent of each other Member, which consent may be given or withheld in its sole discretion; provided that no such consent shall be required for a transfer by any Member of all of its interest in the Company to any affiliate of such Member so long as such Member remains contingently liable for the performance by such affiliate of its obligations hereunder and such transfer does not impose any legal, tax or regulatory burden upon the Company. Upon any such transfer to an affiliate of a Member's interest in the Company, such affiliate shall be admitted as a substitute Member of the Company in lieu of the transferor Member.
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Assignments of Membership Interest. A counterpart to the Assignment of Membership Interests in respect of the sale by Sellers of all of their title and interest in the Membership Interests to Purchaser, duly executed by Purchaser.
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Assignments of Membership Interest 
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Related to Assignments of Membership 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.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred. (b) To the fullest extent permitted by law, any purported transfer of any Membership Interest in violation of the provisions of this LLC Agreement shall be wholly void and shall not effectuate the transfer contemplated thereby. Notwithstanding anything contained herein to the contrary and to the fullest extent permitted by law, the Member may not transfer any Membership Interest in violation of any provision of this LLC Agreement or in violation of any applicable federal or state securities laws.