Common use of Assignee Not Substituted Member Clause in Contracts

Assignee Not Substituted Member. A person who is the assignee of all or any fraction of the Units of a Member, but does not become a Substituted Member and desires to make a further assignment of such Units, shall be subject to all the provisions of this Article 9 to the same extent and in the same manner as any Member desiring to make an assignment of such Member's Units.

Appears in 5 contracts

Samples: Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC)

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