Common use of Transfers of Common Units Clause in Contracts

Transfers of Common Units. With respect to any transfer (whether a Voluntary Transfer or an Involuntary Transfer) of Common Units, the Board shall have approved the admission of the transferee as a Member of the Company. The Board shall amend the Schedule of Members from time to time to reflect the admission of Members pursuant to this Section 6.2.

Appears in 3 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Gigamon LLC)