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Common use of Transfers and Pledges Clause in Contracts

Transfers and Pledges. This Agreement shall not impose any restriction on the right of the Member to sell, transfer, assign, dispose of or pledge as collateral any membership interest of the Company.

Appears in 111 contracts

Sources: Limited Liability Company Agreement (Chicagoland Television News, LLC), Limited Liability Company Agreement (Chicagoland Television News, LLC), Limited Liability Company Agreement (Chicagoland Television News, LLC)

Parent Clauses

  • Membership Interests
  • MERS Underlying Asset
  • Admission of New Partners Transfer or Pledge of Units
  • MERS Purchased Loans
  • NEGATIVE COVENANTS

Sub-Clauses

  • Restrictions on Transfer and Prohibition on Pledge
  • Invalid Transfer
  • Effective Date of Transfer
  • Rights of Transferee
  • Right of First Option
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