Assignment of Membership Interest definition
Examples of Assignment of Membership Interest in a sentence
Assignor has executed this Assignment of Membership Interest as of the date first written above.
In this connection, Pledgor acknowledges that it has delivered to Pledgee a duly executed Assignment of Membership Interest in the form attached hereto as Exhibit A to convey the Interest to Pledgee upon the occurrence of an Event of Default which is not cured within any applicable grace periods.
Any number of counterparts of this Assignment of Membership Interest may be executed.
This Assignment of Membership Interest will be binding and effective and will result in the assignment of the Assigned Interest on the Effective Date.
This Assignment of Membership Interest shall be binding upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns.