Common use of Transfer of Membership Interests Clause in Contracts

Transfer of Membership Interests. Membership interests are transferable only on the books of the Company, subject to any transfer restrictions imposed by the Articles of Organization, this Agreement, or an agreement among Members and the Company. Membership interests may be so transferred upon presentation of the certificate representing the membership interests, endorsed by the appropriate person or persons, and accompanied by (i) reasonable assurance that those endorsements are genuine and effective, and (ii) a request to register the transfer.

Appears in 33 contracts

Samples: Operating Agreement (Insurance Auto Auctions Tennessee LLC), Operating Agreement (Insurance Auto Auctions Tennessee LLC), Operating Agreement (Adesa California, LLC)

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Transfer of Membership Interests. Membership Subject to transfer restrictions herein provided or referred to, membership interests in the Company are transferable only on its books, by the books owner thereof in person or by their duly authorized attorneys or legal representatives. A record shall be made of each transfer, and whenever a transfer is made for collateral security, and not absolutely, it shall be so expressed in the entry of the Company, subject to any transfer. The Board may make regulations concerning the transfer restrictions imposed by the Articles of Organization, this Agreement, or an agreement among Members and the Company. Membership interests may be so transferred upon presentation of the certificate representing the membership interests, endorsed by the appropriate person or persons, and accompanied by (i) reasonable assurance that those endorsements are genuine and effective, and (ii) a request to register the transfer.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Niska US GP LLC), Limited Liability Company Agreement (Niska GP ULC), Limited Liability Company Agreement (Niska GP ULC)

Transfer of Membership Interests. Membership interests Interests are transferable only on the books of the Company, subject to any transfer restrictions imposed by the Articles of Organization, this Agreement, or an agreement among Members the Member and the Company. Membership interests Interests may be so transferred upon presentation of the certificate representing the membership interestsMembership Interests, endorsed by the appropriate person Person or personsPersons, and accompanied by (i) reasonable assurance that those endorsements are genuine and effective, and (ii) a request to register the transfer.

Appears in 2 contracts

Samples: Operating Agreement (Adesa California, LLC), Operating Agreement (Adesa California, LLC)

Transfer of Membership Interests. Membership interests Interests are transferable only on the books of the Company, subject to any transfer restrictions imposed by the Articles of OrganizationArticles, this Agreement, or an agreement among Members the Member and the Company. Membership interests Interests may be so transferred upon presentation of the certificate representing the membership interestsMembership Interests, endorsed by the appropriate person Person or personsPersons, and accompanied by (i) reasonable assurance that those endorsements are genuine and effective, and (ii) a request to register the transfer.

Appears in 1 contract

Samples: Operating Agreement (Auto Portfolio Services, LLC)

Transfer of Membership Interests. Membership interests are transferable only on the books of the Company, subject to any transfer restrictions imposed by the Articles of Organization, this Agreement, or an agreement among Members and the Company. Membership interests may be so transferred upon presentation of the certificate representing the membership interests, endorsed by the appropriate person perosn or persons, and accompanied by (i) reasonable assurance that those endorsements are genuine and effective, and (ii) a request to register the transfer.. Exhibit A

Appears in 1 contract

Samples: Operating Agreement (Adesa California, LLC)

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Transfer of Membership Interests. Membership interests Interests are transferable only on the books of the Company, subject to any transfer restrictions imposed by the Articles of Organization, this Agreement, or an agreement among Members and the Company. Membership interests Interests may be so transferred upon presentation of the certificate representing the membership interestsMembership Interests, endorsed by the appropriate person or persons, and accompanied by (i) reasonable assurance that those endorsements are genuine and effective, and (ii) a request to register the transfer.

Appears in 1 contract

Samples: Operating Agreement (Adesa California, LLC)

Transfer of Membership Interests. The Membership interests Interests represented by any certificate of the Company are transferable only on the books of the Company, subject to any transfer restrictions imposed Company by the Articles holder of Organization, this Agreement, record thereof or an agreement among Members and the Company. Membership interests may be so transferred by its duly authorized attorney or legal representative upon presentation surrender of the certificate representing for such Membership Interest, properly endorsed or assigned. The Managers may make such rules and regulations concerning the membership interestsissue, endorsed by the appropriate person transfer, registration and replacement of certificates as they deem desirable or persons, and accompanied by (i) reasonable assurance that those endorsements are genuine and effective, and (ii) a request to register the transfernecessary.

Appears in 1 contract

Samples: Participation Agreement (Tejas Gas Corp)

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