Common use of Right to Transfer Clause in Contracts

Right to Transfer. 10.1.1 No Member shall be entitled to sell, mortgage, hypothecate, transfer, pledge, assign, donate, create a security interest in or lien on, encumber, give, place in trust (voting or other) or otherwise dispose of, including but not limited to any involuntary transfer or transfer by operation of law upon divorce, in bankruptcy or by way of execution, seizure or sale by legal process (hereinafter "transfer") his/her Interest or any portion thereof unless the applicable provisions of this Section 10 are complied with in full. Any attempted transfer of an Interest other than in accordance with the preceding sentence shall be null and void and be of no force or effect. Any transfer of an Interest shall be made only in compliance with all applicable securities laws and the Company may require the transferor to obtain and deliver to the Company an opinion of counsel (reasonably acceptable, as to both the opinion and the counsel, to the Company) that such proposed transfer so complies.

Right to Transfer. 10.1.1 No Member shall be entitled to sell, mortgage, hypothecate, transfer, pledge, assign, donate, create a security seeurity interest in or lien on, encumber, give, place in trust (voting or other) or otherwise dispose of, including but not limited to any involuntary transfer or transfer by operation of law upon divorce, in bankruptcy or by way of execution, seizure or sale by legal process (hereinafter "transfer") his/her Interest or any portion thereof unless the applicable provisions of this Section 10 are complied with in full. Any attempted transfer of an Interest other than in accordance with the preceding sentence shall be null and void and be of no force or effect. Any transfer of an Interest shall be made only in compliance with all applicable securities laws and the Company may require the transferor to obtain and deliver to the Company an opinion of counsel (reasonably acceptable, as to both the opinion and the counsel, to the Company) that such proposed transfer so complies.

Right to Transfer. 10.1.1 No Member shall be entitled to sell, mortgage, hypothecate, transfer, pledge, assign, donate, create a security interest in or lien on, encumber, give, place in trust (voting or other) or otherwise dispose of, including but not limited to any involuntary transfer or transfer by operation of law upon divorce, in bankruptcy or of by way of execution, seizure or sale by legal process (hereinafter "transfer") his/her Interest or any portion thereof unless the applicable provisions of this Section 10 are complied with in full. Any attempted transfer of an Interest other than in accordance with the preceding sentence shall be null and void and be of no force or effect. Any transfer of an Interest shall be made only in compliance with all applicable securities laws and the Company may require the transferor to obtain and deliver to the Company an opinion of counsel (reasonably acceptable, as to both the opinion and the counsel, to the Company) that such proposed transfer so complies.