Common use of Transfer in General Clause in Contracts

Transfer in General. The sale, transfer, assignment, pledge or other disposition of any interest in any Unit or Unit Equivalent (whether with or without consideration and whether voluntarily or involuntarily or by operation of law), directly or indirectly (including by way of a transfer of direct or indirect beneficial ownership of the holder of such Units or Unit Equivalents), is referred to herein as a “Transfer” and to take such action is referred to herein as to “Transfer.”

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Tronc, Inc.)