No Transfer of Units Sample Clauses

The "No Transfer of Units" clause prohibits the transfer, sale, or assignment of ownership interests or units in a particular entity or property. In practice, this means that members, shareholders, or unit holders are not allowed to sell, give away, or otherwise transfer their units to another party without explicit permission, often from the governing body or other members. This clause is commonly used to maintain control over who holds interests in the entity, prevent unwanted third parties from gaining ownership, and ensure stability within the ownership structure.
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No Transfer of Units. 11.3.1 Units cannot be transferred or assigned except to the Fund by way of redemption as provided in Clause 11 or to persons who are relatives of the transferring Investor by blood or affinity in the direct line (bloed- of aanverwanten in de directe lijn) and cannot be made subject to any pledge, mortgage, usufruct, charge, lien, retention or other encumbrance (whether or not a beperkt recht) of any nature whatsoever. 11.3.2 Any (purported) transfer, assignment or vesting of a right of pledge, usufruct or other limited right in violation of Clause 11.3.1 shall be null and void and shall not have any effect on the rights and obligations of the Fund, the Manager, the Legal Owner or any of the Investors under this Agreement.
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No Transfer of Units. You may not sell, transfer, assign, pledge or otherwise encumber or dispose of the Units granted hereunder.
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No Transfer of Units. No sale, assignment, transfer, pledge or other encumbrance (a “Transfer”) of all or part of any of the Units (including, for tins purpose, any Transfer of any interest held by CBL or Westfield in any of its direct or indirect constituent entities holding such Units) shall be made or become effective unless the Transfer is permitted under this Article IX and until all applicable requirements and conditions stated in this Article IX. which shall be read and construed as a whole, have been satisfied in full or have been waived by die non-transferring Members). Any Transfer in violation of this Article IX shall be invalid, ineffective and not enforceable for any purpose. No authorization, consent or waiver applicable to one Transfer shall apply or be deemed to apply to any other Transfer or requested Transfer.
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No Transfer of Units 
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Related to No Transfer of Units

  • Transfer of Units (i) Except as expressly provided in this Agreement, a Member may not sell, exchange, transfer, assign, pledge, hypothecate or otherwise dispose of all or any portion of any of such Member's Units or any interest therein (a "Transfer") (except for a Transfer by Internet World to any Person or by any Member to a Permitted Transferee) without the written consent of the Board, which consent may be withheld for any reason. The Company shall not register any Transfer of a Member's Units or any interest therein, and any such Transfer or registration of Transfer shall be null and void, without the written consent of the Board. An assignee who has not been admitted as a Member shall be entitled only to allocations and distributions with respect to such interest in accordance with this Agreement, and shall have no right to any information or, to the fullest extent permitted by law, accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company and shall not have any of the rights of a Member under the Act or this Agreement, but shall otherwise assume in writing prior to such Transfer, other than a pledge (in respect of which such compliance shall be required after sale or foreclosure), all obligations of the assignor hereunder as if such assignee were the assignor; no such assignment shall be valid unless the assumption of obligations described in this sentence has been executed. Neither a Transfer of Units nor the admission of the Transferee thereof as a Member shall discharge the transferor from any obligation hereunder. (ii) The restrictions contained in this SECTION 2.6(a) shall not apply with respect to any Transfer of Units or any part thereof by any Member (a) among its Affiliates, (b) to any lender to whom a Member's Units or any part thereof are assigned or pledged pursuant to a loan agreement, (c) to any Member's spouse or children or to a trust or the trustee or 8 68 trustees of a trust directly or indirectly for the benefit of the Member's spouse, children or a charitable organization, (d) to the Member's executors, administrator, testamentary trustee, legatees or beneficiaries upon the Member's death, or (e) by gift (all such transferees shall be collectively referred to as the "Permitted Transferees"); PROVIDED, that the Permitted Transferee shall execute a counterpart of this Agreement; and PROVIDED, FURTHER that the restrictions contained in this Agreement shall continue to apply to the Units after such Transfer by reference to the original Member; and PROVIDED, FURTHER, that the transferor shall remain liable for all of its obligations under this Agreement that survive.

  • No Transfer of Shares Such Selling Shareholder, directly or indirectly, has not entered into any commitment, transaction or other arrangement, including any prepaid forward contract, 10b5-1 plan or similar agreement, which transfers or may transfer any of the legal or beneficial ownership or any of the economic consequences of ownership of the Selling Shareholders Shares to be sold by such Selling Shareholder hereunder, except as has been previously disclosed in writing to the Underwriter.

  • 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.

  • No Transfer of License This license is personal to you and may not be sublicensed, assigned, or transferred by you to any other person without publisher's written permission.

  • Transfer of Stock Upon surrender to the Corporation or the transfer agent of the Corporation of a certificate for shares duly endorsed or accompanied by proper evidence of succession, assignation or authority to transfer, it shall be the duty of the Corporation to issue a new certificate to the person entitled thereto, cancel the old certificate and record the transaction upon its books.