Common use of Assignments of Membership Interest Clause in Contracts

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.