Common use of Transfers Generally Prohibited Clause in Contracts

Transfers Generally Prohibited. Except as provided in Section 2.7.1, no Member shall voluntarily or involuntarily transfer, sell, convey, encumber, pledge, assign, or otherwise dispose of (“Transfer”) an interest in the Company. Any attempted assignment or transfer prohibited by this Agreement shall be wholly void and shall confer no rights on the intended assignee or transferee.

Appears in 1 contract

Sources: Operating Agreement

Transfers Generally Prohibited. Except as provided in Section 2.7.1, no Member shall voluntarily or involuntarily transfer, sell, convey, encumber, pledge, assign, or otherwise dispose of (“Transfer”) an interest in the Company. Any attempted assignment or transfer 6 Adapt as needed prohibited by this Agreement shall be wholly void and shall confer no rights on the intended assignee or transferee.

Appears in 1 contract

Sources: Operating Agreement