Common use of ABSOLUTE RESTRICTION Clause in Contracts

ABSOLUTE RESTRICTION. Notwithstanding any provision of this Agreement to the contrary, the disposition of a Membership Interest, (including any assignment under this Article IX) or any right, title or interest therein or thereto will not be permitted if the interest sought to be disposed of added to the total of all other Membership Interest disposed of within the period of twelve

Appears in 2 contracts

Sources: Operating Agreement (Rouge Industries Inc), Operating Agreement (Rouge Industries Inc)