Common use of Prohibited Transfers Clause in Contracts

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, or as approved by the Management Committee, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, ) or as approved by the Management CommitteeManagers, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections Section 5.2(b), 15.1 and 15.2, ) or as approved by the Management CommitteeManager, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, and subject in all events to the terms of the Loan Documents, either Member or both of BR I and BR II shall have the right, with the consent of the other MemberManager, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections Section 5.2(b), 15.1 and 15.2, ) or as approved by the Management CommitteeManager, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either any Member shall have the right, with the consent of the other MemberMembers, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, ) or as approved by the Management CommitteeManager, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, and subject in all events to the terms of the Loan Documents, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, ) or as approved by the Management Committee, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either any Member shall have the right, with the consent of the other MemberMembers, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, ) or 14.5 or as approved by the Management Committee, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 14.5, 15.1 and 15.2, or as approved by the Management Committee, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections Section 5.2(b), 15.1 and 15.2Section 14.5 or Section 14.6, or as approved by the Management CommitteeManagers, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations. Further, no Transfer shall be permitted and shall be void ab initio if it shall violate any “Transfer” provision of any applicable Collateral Agreement with third party lenders.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, ) or as approved by the Management CommitteeManager, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections Section 5.2(b), 15.1 and 15.2, ) above or as approved by the Management CommitteeManager, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member BRG shall have the right, with without the consent of the other MemberMembers, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, ) or as approved by the Management CommitteeManagers, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either any Member shall have the right, with the consent of the other MemberMembers, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 1211, Sections 5.2(bSection 4.4(b), 15.1 and 15.2Section 13.5 or Section 13.6, or as approved by the Management CommitteeManagers, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, direct or indirect, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course cause of its business and operations. No Transfer shall be permitted and shall be void ab initio if it shall violate any "Transfer" provision of any applicable Collateral Agreement with third party lenders.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 and 15.2, 5.2{b) or as approved by the Management CommitteeManager, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course of its business and operations.

Prohibited Transfers. Except as otherwise provided in this Section 12, Sections 5.2(b), 15.1 15.l and 15.2, or as approved by the Management Committee, no Member shall Transfer all or any part of its Interest, whether legal or beneficial, in the Company, and any attempt to so Transfer such Interest (and such Transfer) shall be null and void and of no effect. Notwithstanding the foregoing, either Member shall have the right, with the consent of the other Member, at any time to pledge to a lender or creditor, directly or indirectly, all or any part of its Interest in the Company for such purposes as it deems necessary in the ordinary course of its business and operations.