Common use of Application to Certain Entities Clause in Contracts

Application to Certain Entities. In the case of a Member that is a Special Purpose Entity, the restrictions set forth in section 8.1 shall apply to indirect transfers of interests in the Company by transfers of interests in such entity (whether by transfer of an existing interest or the issuance of new interests), as well as to direct transfers. A “Special Purpose Entity” means

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement