Common use of Requirements Applicable to All Transfers and Admissions Clause in Contracts

Requirements Applicable to All Transfers and Admissions. In addition to the other terms and conditions of this Article XIV, any Transfer of Membership Interests and any admission of a Transferee as a Member shall be subject to the following requirements, and such Transfer (and admission, if applicable) shall not be effective unless such requirements are complied with; provided, however, that the Class A Members, in their sole and absolute discretion, may waive any of the following requirements (other than the requirements of Section 14.2(a)):

Appears in 3 contracts

Samples: Contribution Agreement (Southcross Energy Partners, L.P.), Contribution Agreement (American Midstream Partners, LP), Limited Liability Company Agreement (American Midstream Partners, LP)

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Requirements Applicable to All Transfers and Admissions. In addition to the other terms and conditions of this Article XIVXIII, any Transfer of Membership Interests and any admission of a Transferee as a Member shall be subject to the following requirements, and such Transfer (and admission, if applicable) shall not be effective unless such requirements are complied with; provided, however, that the Class A MembersBoard, in their its sole and absolute discretion, may waive any of the following requirements (other than the requirements of Section 14.2(a13.2(a)):

Appears in 3 contracts

Samples: Limited Liability Company Agreement (American Midstream Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement (American Midstream Partners, LP)

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