Common use of Transfer of Membership Interests Generally Clause in Contracts

Transfer of Membership Interests Generally. A Member may not, directly or indirectly, Transfer any Membership Interests held by such Member without the written consent of the Board of Managers. To the fullest extent permitted by applicable law, any purported Transfer of Membership Interests in breach of this Agreement shall be null and void, and neither the Company nor the Board of Managers shall recognize the same, whether for the purpose of making Distributions or otherwise. Any Member who Transfers or attempts to Transfer any Membership Interests except in compliance herewith shall be liable to, and shall indemnify and hold harmless, the Company and the other Members for all costs, expenses, damages and other liabilities resulting therefrom.

Transfer of Membership Interests Generally. A Except for a transfer specifically permitted by this Agreement, a Member may not, directly or indirectly, Transfer transfer any Membership Interests held by such Member without the written consent of the Board of ManagersManaging Member. To the fullest extent permitted by applicable law, any purported Transfer transfer of Membership Interests in breach of this Agreement shall be null and void, and neither the Company nor the Board of Managers Members shall recognize the same, whether for the purpose of making Distributions or otherwise. Any Member who Transfers transfers or attempts to Transfer transfer any Membership Interests except in compliance herewith shall be liable to, and shall indemnify and hold harmless, the Company and the other Members for all costs, expenses, damages and other liabilities resulting therefrom.

Transfer of Membership Interests Generally. A Except for a Transfer specifically permitted by this Agreement, a Member may not, directly or indirectly, Transfer any Membership Interests held by such Member without the written consent of the Board of Managersother Members. To the fullest extent permitted by applicable law, any purported Transfer of Membership Interests in breach of this Agreement shall be null and void, and neither the Company nor the Board of Managers Members shall recognize the same, whether for the purpose of making Distributions or otherwise. Any Member who Transfers or attempts to Transfer any Membership Interests except in compliance herewith shall be liable to, and shall indemnify and hold harmless, the Company and the other Members for all costs, expenses, damages and other liabilities resulting therefrom.