Common use of Restrictions on Transfers of Membership Interests Clause in Contracts

Restrictions on Transfers of Membership Interests. (a) Except for a Permitted Transfer (as defined below) or as otherwise set forth in Section 10.2 and Section 10.3, no Transfer of all or any portion of a Membership Interest or subsequent admission of a transferee as a Member of the Company shall be permitted under this Agreement without the prior written unanimous consent of the Manager and Rhove. (b) Notwithstanding Section 10.1(a), Section 10.2, and Section 10.3 (but subject to Section 10.5), a Member may Transfer all or any portion of such Member’s Membership Interest without 112776\000004\4811-8359-3203v4 Doc ID: c91f21627f893d8e0c88f012967bb67addc1b065