Transfer of Membership Units. The Members shall not have the right to sell, transfer, assign, pledge or otherwise dispose of Membership Units to any Person at any time except with the written consent of the Members; provided that upon such consent, such sale, transfer, assignment, pledge or disposition shall be effective and the Person acquiring such Membership Interests shall be admitted as, and become and be entitled to exercise all rights and powers of, a Member. Any purported transfer which is not in compliance with the provisions of this Article VI shall be null and void.
Appears in 3 contracts
Sources: Operating Agreement (Convergence, LLC), Operating Agreement (Convergence, LLC), Operating Agreement (Convergence, LLC)