Common use of Transfer and Assignment of Interests Clause in Contracts

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her Membership Interest except with the prior written consent of the Supermajority Interest, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), as the Supermajority Interest may determine. Transfers in violation of this Article 7 shall only be effective to the extent set forth in Section 7.7. After the consummation of any transfer of any part of a Membership Interest, the Membership Interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her Membership Interest (collectively, "transfer") except with the prior written consent of the Supermajority InterestManager, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act)delayed, as the Supermajority Interest Manager may determinedetermine in their sole and absolute discretion. Transfers in violation of this Article 7 VII shall only be effective to the extent set forth in Section 7.7. After the consummation of any transfer of any part of a Membership Interest, the Membership Interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her Membership Interest (collectively, "transfer") except with the prior written consent of the Supermajority InterestManager, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), as the Supermajority Interest Manager may determinedetermine in its sole and absolute discretion. Transfers in violation of this Article 7 VII shall only be effective to the extent set forth in Section 7.7. After the consummation of any transfer of any part of a Membership Interest, the Membership Interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.

Transfer and Assignment of Interests. No Except as expressly provided in Sections 7.3 and 7.4 below, no Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate (collectively “Transfer”) all or any part of its, his or her any Membership Interest or any Economic Interest or other interest therein, whether voluntarily, involuntarily or by operation of law, except with the prior written consent of the Supermajority InterestManager, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), as the Supermajority Interest Manager may determine. Transfers determine in violation of this Article 7 shall only be effective to the extent set forth in Section 7.7its sole and absolute discretion. After the consummation of any transfer Transfer of any part of a Membership InterestInterest or Economic Interest or other interest therein, the Membership Interest interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her Membership Interest except with the prior written consent of all of the Supermajority Interestother Members, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), as the Supermajority Interest other Members may determinedetermine in their sole discretion. Transfers in violation of this Article 7 VII shall only be effective to the extent set forth in Section 7.7. After the consummation of any transfer of any part of a Membership Interest, the Membership Interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his Units except as permitted in Sections 7.4 and 7.8 below or her Membership Interest except with the prior written consent of all of the Supermajority Interestother Members, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), as the Supermajority Interest other Members may determinedetermine in their sole discretion. Transfers in violation of this Article 7 VII shall only be effective to the extent set forth in Section 7.7. After the consummation of any transfer of any part of a Membership InterestUnit, the Membership Interest Unit so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.. Operating Agreement for Phreadz USA, LLC

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her the Member’s Membership Interest (collectively, “transfer”) except with the prior written consent approval of all the Supermajority Interestother Member(s) that are Class A Members, which consent approval may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), withheld as the Supermajority Interest other Member(s) may determinedetermine in its sole discretion. Transfers in violation of this Article 7 Section 9 shall only be effective to the extent set forth in Section 7.79.4. After the consummation of any transfer of any part of a Membership Interest, the Membership Interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.

Transfer and Assignment of Interests. No Member shall be entitled to ------------------------------------ transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her Membership Interest except with the prior written consent of all of the Supermajority Interestother Members, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), as the Supermajority Interest other Members may determinedetermine in their sole discretion. Transfers in violation of this Article 7 VII shall only be effective to the extent set forth in Section 7.7. After the consummation of any transfer of any part of a Membership Interest, the Membership Interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.

Transfer and Assignment of Interests. No Member shall be entitled to transfer, assign, convey, sell, encumber or in any way alienate all or any part of its, his or her Membership Interest except as permitted in Sections 7.4 and 7.8 below or with the prior written consent of all of the Supermajority Interestother Members, which consent may be given or withheld, conditioned or delayed (as allowed by this Agreement or the Act), as the Supermajority Interest other Members may determinedetermine in their sole discretion. Transfers in violation of this Article 7 VII shall only be effective to the extent set forth in Section 7.7. After the consummation of any transfer of any part of a Membership Interest, the Membership Interest so transferred shall continue to be subject to the terms and provisions of this Agreement and any further transfers shall be required to comply with all the terms and provisions of this Agreement.