Common use of General Restrictions on Transfer Clause in Contracts

General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 or in accordance with the procedures set forth in this Section 9.01, no Member shall Transfer all or any portion of its Membership Interest in the Company, except with the written consent of the Majority Members. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) hereof.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (iPower Inc.), Limited Liability Company Operating Agreement (iPower Inc.)

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General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 or in accordance with the procedures set forth in this Section 9.01, no No Member shall Transfer all or any portion of its Membership Interest in the Company, except with the Company without written consent of the Majority MembersManaging Directors. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) hereof.

Appears in 1 contract

Samples: Operating Agreement (Hempacco Co., Inc.)

General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 9.02 or in accordance with the procedures set forth in this Section 9.019.03, no Member shall Transfer all or any portion of its Membership Interest in the Company, except with the written consent of the Majority Members. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) hereof.hereof.β€Œ

Appears in 1 contract

Samples: Operating Agreement

General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 2.02(b) or in accordance with the procedures set forth in this Section 9.017.03, Section 9.01 or Section 7.05, no Member shall Transfer all or any portion of its Membership Interest in the Company, except with the written consent of the Majority Members. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) 2.04 hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Creatd, Inc.)

General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 or in accordance with the procedures set forth in this Section 9.018.03, no Member shall Transfer all or any portion of its Membership Interest in the Company, except with the written consent of the Majority Members. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) hereof.

Appears in 1 contract

Samples: Operating Agreement

General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 9.02 or in accordance with the procedures set forth in this Section 9.019.03 or Section 9.04, no Member shall Transfer all or any portion of its Membership Interest in the Company, except with the written consent of the Majority MembersUnits. No Transfer of Membership Interests Units to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b5.01(b) hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (BIT ORIGIN LTD)

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General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 10.2 or in accordance with the procedures provisions set forth in this Sections 10.3, 10.4, 10.5, 10.6 or Section 9.0110.7, no Member shall may Transfer all or any portion of its Membership Interest in the Company, except with the written consent of the Majority Members. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) hereof4.1(b).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Grom Social Enterprises, Inc.)

General Restrictions on Transfer. (a) Except as permitted pursuant to Section 8.02 9.02 or in accordance with the procedures set forth in this Section 9.019.03, no Member shall Transfer all or any portion of its Membership Interest in the Company, Company except with the written consent of the Majority MembersInterest. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee is admitted as a Member of the Company in accordance with Section 4.01(b) hereof.

Appears in 1 contract

Samples: Operating Agreement (Sugarmade, Inc.)

General Restrictions on Transfer. (aA) Except as permitted pursuant to Section 8.02 Sections 6.2, 6.4 or in accordance with the procedures set forth in this Section 9.016.3, no Member shall Transfer transfer all or any portion of its Membership Interest in the Company, except with the written consent of the Majority Members. No Transfer of Membership Interests to a Person not already a Member of the Company shall be deemed completed until the prospective Transferee transferee is admitted as a Member of the Company in accordance with Section 4.01(b) 2.4 hereof.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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