Recognition by Company of Transfers. No Transfer, or any part thereof, that is in violation of this Article IX shall be valid or effective, and the Company, the Members and the Board shall not recognize the same for the purpose of making any distributions to Members with respect to such Interest or part thereof. The Company, the nontransferring Members and the Board shall incur no liability as a result of refusing to make any such distributions to the Transferee of any such invalid Transfer.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Alcoa Corp), Limited Liability Company Agreement
