Common use of Invalid Transfer Clause in Contracts

Invalid Transfer. No Transfer of a Membership Unit or Economic Interest that is in violation of this Article XII 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 Membership Unit or Economic Interest. The Company may enforce the provisions of this Article XII 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 XII.

Invalid Transfer. No Transfer of a Membership Unit or Economic Interest any Units in the Company that is in violation of this Article XII XIV 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 or other distributions with respect to such Membership Unit Units, or Economic Interestpart thereof. The Company may enforce the provisions of this Article XII 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 Transfer or permit the registration or transfer Transfer on its books of any proposed transfers Transfers not in accordance with this Article XIIXIII.

Invalid Transfer. No Transfer transfer of a Membership Unit or Economic Interest that is in violation of this Article XII IX shall be valid or effective, and the Company shall not recognize the same for any improper transfer for the purposes of purpose, including making allocations, payments of profitsincome, return of capital contributions Capital Contribution or other distributions distribution with respect to such Membership Unit Interest, or Economic Interestpart thereof. The Company may enforce the provisions of this Article XII IX 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 XIIIX.