Common use of Transfer of Membership Interests Clause in Contracts

Transfer of Membership Interests. The Member may transfer all or any portion of the Member’s interest in the Company at any time. Upon any such assignment, the assignee(s) shall succeed to the rights and obligations of the Member in respect of its interests in the Company and each such assignee shall become a Member of the Company with respect to the interest in the Company so assigned to such assignee. Notwithstanding anything to the contrary contained herein, no such transfer of the Member’s interest in the Company shall operate to dissolve the Company.

Transfer of Membership Interests. The Each Member may transfer all or any portion of the such Member’s interest in the Company LLC at any time. Upon any such assignment, the assignee(s) assignee shall succeed to the rights and obligations of the such Member in respect of its interests in the Company LLC and each such assignee shall become a Member of the Company with respect to the interest in the Company so assigned to such assigneeLLC. Notwithstanding anything to the contrary contained herein, no such transfer of the a Member’s interest in the Company LLC shall operate to dissolve the CompanyLLC.

Transfer of Membership Interests. The Member may transfer all or any portion of the such Member’s interest in the Company at any time. Upon any such assignment, the assignee(s) shall succeed to the rights and obligations of the Member in respect of its interests in the Company and each such assignee shall become a Member member of the Company with respect to the interest in the Company so assigned to such assignee. Notwithstanding anything to the contrary contained herein, no such transfer of the a Member’s interest in the Company shall operate to dissolve the Company.