Common use of No Restrictions on Transfers Clause in Contracts

No Restrictions on Transfers. Notwithstanding any other provision in this Agreement, no consent of the Member shall be required to permit (i) the Member to pledge its membership interest hereunder as security for a loan to such Member or any affiliate of such Member, or (ii) a pledgee of the Member's membership interest in the Company to transfer such membership interest in connection with such pledgee's exercise of its rights and remedies with respect thereto, or to permit such pledgee or its assignee to be substituted for the Member under this Agreement in connection with such pledgee's exercise of such rights and remedies.

No Restrictions on Transfers. Notwithstanding any other provision in this Agreement, no consent of the Sole Member shall be required to permit (i) the Sole Member to pledge its sole membership interest hereunder as security for a loan to such Sole Member or any affiliate of such Sole Member, or (ii) a pledgee of the Sole Member's ’s membership interest in the Company to transfer such membership interest in connection with such pledgee's ’s exercise of its rights and remedies with respect thereto, or to permit such pledgee or its assignee to be substituted for the Sole Member under this Agreement in connection with such pledgee's ’s exercise of such rights and remedies.

No Restrictions on Transfers. Notwithstanding any other provision in this Agreement, no consent of the Member shall be required to permit (i) the Member to pledge its sole membership interest hereunder as security for a loan to such Member or any affiliate of such Member, or (ii) a pledgee of the Member's membership interest in the Company to transfer such membership interest in connection with such pledgee's exercise of its rights and remedies with respect thereto, or to permit such pledgee or its assignee to be substituted for the Member under this Agreement in connection with such pledgee's exercise of such rights and remedies.