Admission of Transferee as Member. No transferee of the Units or an interest in the Company shall be admitted to the Company as a Member without the written consent of the Manager, which consent may be granted or withheld by the Manager in its sole discretion. Compliance with the requirements of Section 12.3 does not vest in any transferee the right to become a Member as to the transferred interest.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Luna Azul Development Fund, LLC), Limited Liability Company Agreement (Luna Azul Development Fund, LLC), Limited Liability Company Agreement (Luna Azul Development Fund, LLC)
Admission of Transferee as Member. No transferee of the Units Interests or an interest in the Company shall be admitted to the Company as a Member without the written consent of the Manager, which consent may be granted or withheld by the Manager in its sole discretion. Compliance with the requirements of Section 12.3 8.3 does not vest in any transferee the right to become a Member as to the transferred interest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Golden Pacific Homes, LLC), Limited Liability Company Agreement (Golden Pacific Homes, LLC)
