Restrictions on Transfer of Units. Until the vesting of, and lapse of the restrictions applicable to, any Units and the delivery of Shares in payment therefor, Units may not be sold, transferred, pledged, exchanged, hypothecated or disposed of by you and shall not be subject to execution, attachment or similar process.
Restrictions on Transfer of Units. (a) No Member may, directly or indirectly, assign, sell, exchange, transfer, pledge, mortgage, hypothecate or otherwise encumber or dispose of all or any part of its Units (a "Transfer") to any Person, other than in accordance with this Article IX.
Restrictions on Transfer of Units. CERTAIN TRANSACTIONS 37 Section 10.01 Transfers by Members 37 Section 10.02 Permitted Transfers 38 Section 10.03 Restricted Units Legend 39 Section 10.04 Transfer 39 Section 10.05 Assignee’s Rights 39 Section 10.06 Assignor’s Rights and Obligations 40 Section 10.07 Overriding Provisions 40 Section 10.08 Spousal Consent 41 Section 10.09 Certain Transactions with respect to the Corporation 41 Section 10.10 Unvested Common Units 43
Restrictions on Transfer of Units. Except for any Transfers permitted in the LLC Agreement or other agreement entered into in connection herewith or therewith, the Executive shall not transfer any Executive Preferred Units.
Restrictions on Transfer of Units. No Units acquired upon exercise of the Option may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Participant), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law in any manner which violates any of the provisions of this Option Agreement or the Operating Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any Units which will have been transferred in violation of any of the provisions set forth in this Option Agreement or the Operating Agreement or (b) to treat as owner of such Units or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Units will have been so transferred.
Restrictions on Transfer of Units. Notwithstanding the terms of this Article XI, after the date to be set forth by the Board of Trust Managers (such date to be no earlier than the Adoption Date,) no outstanding Unit may be sold, pledged, hypothecated or otherwise transferred to any Person, other than to the REIT or the Partnership pursuant to Section 7.6, or a pledge, hypothecation or encumbrance of Units by the REIT unless, prior to such transfer, such Unit is exchanged for REIT Shares pursuant to the terms of Section 7.6.
Restrictions on Transfer of Units. No Units acquired pursuant to this Award may be sold, exchanged, transferred (including, without limitation, any transfer to a nominee or agent of the Participant), assigned, pledged, hypothecated or otherwise disposed of, including by operation of law in any manner which violates any of the provisions of this Agreement, and any such attempted disposition shall be void. The Company shall not be required (a) to transfer on its books any Units which will have been transferred in violation of any of the provisions set forth in this Agreement or (b) to treat as owner of such Units or to accord the right to vote as such owner or to pay dividends to any transferee to whom such Units will have been so transferred.
Restrictions on Transfer of Units. Executive may not Transfer any Units, except in an Exempt Transfer (subject to the provisions of Section 9.1 hereof) or as otherwise provided by the terms of this Agreement or the Other Transaction Documents.
Restrictions on Transfer of Units. (a) Subject to the provisions of Sections 10.2(b), 10.2(c), 10.3 and 11.1 hereof, no Member may offer, sell, assign, hypothecate, pledge or otherwise Transfer all or any portion of such Member’s Units, or any of such Member’s economic rights as a Member without the consent of the Managing Member, which consent may be granted or withheld in the Managing Member’s sole and absolute discretion; provided, that the term Transfer for purposes of this Section 10.2(a) does not include (a) any redemption of Common Units by the Company or the Managing Member, or acquisition of Common Units by the Managing Member, pursuant to Section 11.1 or (b) any redemption of Units pursuant to any Unit Designation. The Managing Member may require, as a condition of any Transfer to which it consents, that the transferor assume all costs incurred by the Company in connection therewith (including, but not limited to, cost of legal counsel).
Restrictions on Transfer of Units. The holders of Units shall not Transfer any interest in any Units except for Transfers (i) with the prior written consent of all of the Disinterested Managers (which consent may be granted or withheld in their sole discretion), (ii) within each Member’s Family Group, if an individual, or to such Member’s Affiliates or any other Unitholder, if not an individual, (iii) pursuant to a Public Sale, (iv) pursuant to Section 9.4 or 9.5 or the repurchase or forfeiture provisions set forth in any applicable Class E Unit Purchase Agreement, (v) pursuant to a Sale of the Company, (vi) pursuant to Section 2.7(b) (subject to the limitations contained therein), Section 2.11(c) and Section 9.6(b) (subject to any limitations contained therein) (any such Transfer in (i) through (vi), an “Exempt Transfer”) or (vii) pursuant to the other provisions of this Article IX; provided that no holder of Units shall Transfer any interest in any Class C Common Units within such Member’s Family Group so long as any principal or interest on any promissory note issued by such Member to the Company for the purchase of Class C Common Units remains unpaid. Any Transfer by any Member of any Units or other interest in the Company in contravention of this Agreement or which would cause the Company to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the Company or any other party. No purported assignee shall have any right to any profits, losses or distributions of the Company, and the transferor shall retain all of its rights and obligations hereunder with respect to the Transfer Units or other interest in the Company unless already a Member or until the purported assignee is admitted as a Member pursuant to Section 10.1.
