Requirements Applicable to All Transfers and Admissions. In addition to the other terms and conditions of this Article IV, any Transfer of Units 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 Board, in its sole and absolute discretion, may waive any of the following requirements (other than the requirements of Section 4.02(b)):
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP), Limited Liability Company Agreement (Oxford Resource Partners LP)
Requirements Applicable to All Transfers and Admissions. In addition to the other terms and conditions of this Article IV, any Any Transfer of Units and any admission of a Transferee as a Member shall also 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 Board, in its sole and absolute discretion, may waive any of the following requirements (other than the requirements of Section 4.02(b)) and Article V):
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Quest Resource Corp), Limited Liability Company Agreement (Quest Resource Corp)
