Common use of Restrictions on Transfer of Units Clause in Contracts

Restrictions on Transfer of Units. (a) No Member may, directly or indirectly, assign, sell, exchange, transfer, pledge, mortgage, hypothecate or otherwise encumber or dispose of all or any part of its Units (a "Transfer") to any Person, other than in accordance with this Article IX. (b) Any Member may Transfer its Units as follows: (i) all or part of such Units to any Person after obtaining the prior written consent of the Alter Member and each West▇▇▇▇▇ Member, which Transfer shall be subject to the Tag-Along Rights and the Drag-Along Rights to the extent, if any, provided in such consent; (ii) solely in the case of the Alter Member and each West▇▇▇▇▇ Member, all or part of such Units to an Alter Transferee or a West▇▇▇▇▇ Transferee, which Transfer shall not be subject to any Tag-Along Rights or Drag-Along Rights under

Restrictions on Transfer of Units. (a) No Member may, --------------------------------- directly or indirectly, assign, sell, exchange, transfer, pledge, mortgage, hypothecate or otherwise encumber or dispose of all or any part of its Units (a "Transfer") to any Person, other than in accordance with this Article IX.. -------- (b) Any Member may Transfer its Units as follows: (i) all or part of such Units to any Person after obtaining the prior written consent of the Alter Member and each West▇▇▇▇▇▇▇▇▇ Member, which Transfer shall be subject to the Tag-Along Rights and the Drag-Along Rights to the extent, if any, provided in such consent; (ii) solely in the case of the Alter Member and each West▇▇▇▇▇▇▇▇▇ Member, all or part of such Units to an Alter Transferee or a West▇▇▇▇▇▇▇▇▇ Transferee, which Transfer shall not be subject to any Tag-Along Rights or Drag-Along Rights under