General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) so Transferred unless a Person is admitted as a Member as set forth in Section 10.3(a).
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Convergence, LLC), Limited Liability Company Agreement (Tempur Pedic International Inc), Limited Liability Company Agreement (Sealy Texas Holdings LLC)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) interest received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member Members with respect to any additional Units interests they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) interest so Transferred transferred unless a Person is admitted as a Member as set forth in Section 10.3(a3.4(b).
Appears in 4 contracts
Samples: Operating Agreement (Lower Road Associates LLC), Limited Liability Company Operating Agreement (Lower Road Associates LLC), Limited Liability Company Operating Agreement (Lower Road Associates LLC)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(sShare(s) received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units Shares they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(sShare(s) so Transferred unless a Person the purported transferee is admitted as a Member as set forth in Section 10.3(a)11.3.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Teekay Offshore Partners L.P.), Limited Liability Company Agreement (Teekay Corp), Limited Liability Company Agreement (Teekay Offshore Partners L.P.)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) so Transferred unless the purported transferee is a Person Member prior to any such Transfer or is admitted as a Member as set forth in Section 10.3(a)11.3.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (ElectroCore, LLC), Limited Liability Company Agreement (ElectroCore, LLC)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) Unit received pursuant to a Transfer (but excluding transferees any transferee that were Members is a Member immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they he, she or it so acquireacquires) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) Unit so Transferred unless a Person the purported transferee is admitted as a Member as set forth in Section 10.3(a11.3(i).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Language Line Services Holdings, Inc.), Limited Liability Company Agreement (Language Line Services Holdings, Inc.)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(sMembership Interest(s) received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(sMembership Interest(s) so Transferred unless a Person is admitted as a Member as set forth in Section 10.3(a9.3(a).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sealy Corp), Limited Liability Company Agreement (Sealy Corp)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) Units received pursuant to a Transfer (but excluding transferees any transferee that were Members was a Member or who is an Affiliate of any Member to whom Series A Preferred Units have been issued immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they such transferee so acquireacquires) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) Units so Transferred unless a Person the purported transferee is admitted as a Member as set forth in Section 10.3(a11.3(a).
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Muzak Holdings Finance Corp), Limited Liability Company Agreement (Muzak Finance Corp)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) Unit received pursuant to a Transfer (but excluding transferees that were Members Partners immediately prior to such a Transfer, who shall automatically become a Member Partner with respect to any additional Units they so acquire) shall become a Member Partner in respect of or be deemed to have any ownership rights in the Unit(s) Unit so Transferred unless a Person the purported transferee is admitted as a Member Partner as set forth in Section 10.3(a)11.3(a) below.
Appears in 2 contracts
Samples: Limited Partnership Agreement (Grande Communications Holdings, Inc.), Management Services Agreement (Grande Communications Holdings, Inc.)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) so Transferred unless a Person the purported transferee is admitted as a Member as set forth in Section 10.3(a11.3(a).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) so Transferred unless a Person is admitted as a Member as set forth in Section 10.3(a)11.3.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ladder Capital Commercial Mortgage Securities LLC)
General Restrictions on Transfer. (a) Notwithstanding anything to the contrary in this Agreement, no transferee of any Unit(s) received pursuant to a Transfer (but excluding transferees that were Members immediately prior to such a Transfer, who shall automatically become a Member with respect to any additional Units they so acquire) shall become a Member in respect of or be deemed to have any ownership rights in the Unit(s) so Transferred unless a Person the purported transferee is admitted as a Member as set forth in Section 10.3(a9.3(a).
Appears in 1 contract
