Common use of Basic Restrictions Clause in Contracts

Basic Restrictions. Except as otherwise provided in this Article IX, no Member may sell, assign, give, hypothecate, pledge, transfer, bequeath, or otherwise dispose of any or all of its Interest, in whole or in part, voluntarily, involuntarily, by operation of law, or otherwise, to any other person or entity.

Basic Restrictions. Except as otherwise provided in this Article IX, no Member may sell, assign, give, hypothecate, pledge, transfer, bequeath, or otherwise dispose of any or all of its Interestinterest, in whole or in part, voluntarily, involuntarily, by operation of law, or otherwise, to any other person or entity.