Common use of Effective Date of Transfers Clause in Contracts

Effective Date of Transfers. Any Transfer of a Membership Interest by a Member permitted by Section 7.1 shall be effective as of the date following the date upon which the requirements of Section 7.1 have been met; provided, however, that the Transfers provided for in the Transfer Agreement were effective on the First Amendment Date; and provided, further, that the Transfers provided for in the Assignment Agreement shall be effective on the Second Amendment Date. The Managing Member shall provide the Members with Notice of such Portions of this Exhibit, indicated by the ▇▇▇▇ “[***],” were omitted and have been filed separately with the Secretary of the Commission pursuant to the Registrant’s application requesting confidential treatment pursuant to Rule 24b-2 of the Securities Exchange Act of 1934. Transfer as promptly as possible after the requirements of Section 7.1 have been met. Any Transferee shall take subject to the restrictions on Transfer imposed by this Agreement.