Common use of Void Assignment Clause in Contracts

Void Assignment. Any sale, exchange or other transfer by any Member of any interests in the Company in contravention of this Agreement shall be void and ineffectual and shall not bind or be recognized by the Company or any other party. No purported assignee shall have any right to any profits, losses or distributions of the Company.

Appears in 2 contracts

Sources: Operating Agreement (River Medical Inc), Operating Agreement (Mobile Medic Ambulance Service Inc)