Common use of Transfers of Interests Clause in Contracts

Transfers of Interests. (a) The Member may sell, transfer, assign, exchange, mortgage, pledge, grant a security interest in, or otherwise dispose of or encumber all or any part of its interest in the Company (including, without limitation, the right to receive distributions and allocations of profits and losses) as it may determine in its sole discretion.

Transfers of Interests. (a) The Member may sell, transfer, assign, exchange, mortgage, pledge, grant a security interest in, or ‘otherwise dispose of or encumber all or any part of its interest in the Company (including, without limitation, the right to receive distributions and allocations of profits and losses) as it may determine in its sole discretion.