Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "Transfer" of such Unit(s) for purposes of this Agreement.
Appears in 5 contracts
Samples: Operating Agreement (H&e Finance Corp), Limited Liability Company Agreement (Business Sound Inc), Limited Liability Company Agreement (Bi Acquisition LLC)
Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "βTransfer" β of such Unit(s) for purposes of this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Convergence, LLC), Limited Liability Company Agreement (Ladder Capital Commercial Mortgage Securities LLC), Limited Liability Company Agreement (Tempur Pedic International Inc)
Pledge of Units. (a) Notwithstanding anything contained herein to the contrary, any Member shall have the ability to pledge any Unit(s) owned by such Member and such pledge shall not be a "Transfersale" or "gift" of such Unit(s) for purposes of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Muzak Finance Corp)
