Common use of Invalid Transfer Clause in Contracts

Invalid Transfer. No Transfer of an Interest that is in violation of this Article XIV shall be valid or effective, and the Company shall not recognize any improper Transfer for the purposes of making allocations, payments of profits, return of Capital Contributions or other distributions with respect to such Interest, or part thereof. The Company may enforce the provisions of this Article XIV either directly or indirectly or through its agents by entering an appropriate stop transfer order on its books or otherwise refusing to register or transfer or permit the registration or transfer on its books of any proposed Transfers not in accordance with this Article XIV.

Invalid Transfer. No Transfer transfer of an Interest interest in the Company that is in violation of this Article XIV XIII shall be valid or effective, and the Company shall not recognize any improper Transfer transfer for the purposes of making allocations, payments of profits, return of Capital Contributions capital contributions or other distributions with respect to such Interest, Company interest; or part thereof. The Company may enforce the provisions of this Article XIV XIII, either directly or indirectly or through its agents by entering an appropriate stop transfer order on its books or otherwise refusing to register or transfer or permit the registration or transfer on its books of any proposed Transfers transfers not in accordance with this Article XIVXIII.

Invalid Transfer. No Transfer of an Interest Units that is in violation of this Article XIV shall be valid or effective, and the Company shall not recognize any improper Transfer for the purposes of making allocations, payments of profits, return of Capital Contributions or other distributions with respect to such InterestUnits, or part thereof. The Company may enforce the provisions of this Article XIV either directly or indirectly or through its agents by entering an appropriate stop transfer order on its books or otherwise refusing to register or transfer or permit the registration or transfer on its books of any proposed Transfers not in accordance with this Article XIV.