Transfer Defined. The term “transfer,” when used in this Article 10 with respect to a Unit, shall be deemed to refer to a transaction by which the Member assigns all or a portion of the Member’s Units, or any interest therein, to another Person, or by which the holder of a Unit assigns the Unit to another Person as Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, transfer by will or intestate succession, exchange, or any other disposition.
Appears in 5 contracts
Samples: Operating Agreement (Green Country Supply, Inc.), Operating Agreement (Chaparral CO2, L.L.C.), Operating Agreement (Chaparral CO2, L.L.C.)
Transfer Defined. The term “"transfer,” " when used in this Article 10 with respect to a Unit, shall be deemed to refer to a transaction by which the Member assigns all or a portion of the Member’s 's Units, or any interest therein, to another Person, or by which the holder of a Unit assigns the Unit to another Person as Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, transfer by will or intestate succession, exchange, or any other disposition.
Appears in 1 contract
Transfer Defined. The term “transfer,” ”, when used in this Article 10 with respect to a Unit, shall be deemed to refer to a transaction by which the Member Partner assigns all or a portion of the MemberPartner’s Units, or any interest therein, to another Person, or by which the holder of a Unit assigns the Unit to another Person as Assignee, and includes a sale, assignment, gift, pledge, encumbrance, hypothecation, mortgage, transfer by will or intestate succession, exchange, or any other disposition.
Appears in 1 contract
Samples: Limited Partnership Agreement (Chaparral CO2, L.L.C.)
