Effective Date of Permitted Transfers. Any Permitted Transfer or other Transfer of all or any portion of a Member’s Units made in compliance with the terms of this Article 8 shall be effective on the day following the date upon which the requirements of Section 8.1 and Section 8.2 have been satisfied. The Member that is a party to the Transfer shall provide the Manager and all other Members with written notice of such Transfer as promptly as possible after the requirements of Section 8.1 and Section 8.2 have been satisfied, as well as any such documents as reasonably requested by the other Members upon such request. Any Transferee of all or any portion of a Member’s Units shall take such Units subject to the terms and provisions of this Agreement.
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement