Transfers of Interest. The Member is entitled, in its sole and absolute discretion at any time and from time to time, to sell, mortgage, hypothecate, transfer, pledge, assign, donate, create a security interest in or lien upon, encumber, give, place in trust (voting or other) or otherwise dispose of all or any portion of its Interest in the Company, including the Member’s: (i) interest in the profits, losses, allocations of other items and distributions from the Company; (ii) rights with respect to the management and administration of the Company; (iii) access to or rights to demand or require any information or account of the Company or its affairs; and (iv) rights to inspect the books and records of the Company.
Transfers of Interest. The Member shall be permitted at any time to sell, assign, transfer, pledge, hypothecate or encumber all or part of its interests in Company.
Transfers of Interest. Pledgee may transfer its interest in the Pledged Securities, or any part thereof, to any replacement or successor agent under the Credit Agreement, who shall thereupon become vested with all the rights, remedies, powers, security interests and liens herein granted to Pledgee in respect of the Pledged Securities or the transferred part thereof, subject, however, to the restrictions contained herein.
Transfers of Interest. Each item of income, gain, loss, deduction and credit allocable to any Interest transferred during a quarter shall be allocated between the transferor and transferee in proportion to the number of days during the quarter for which each was the owner of the Interest, without regard to the results of Partnership operations during the portions of the quarter the transferor and transferee owned the Interest. Distributions attributable to the ownership of a transferred Interest shall be paid to the Person who owned the Interest on the last day of the calendar month preceding the date of the distribution.
Transfers of Interest. The Member will make no sale, exchange, disposition or other transfer of their Interest (or any interest therein) until this Agreement is amended to contemplate ADDITIONAL MEMBERS.
Transfers of Interest. Upon any assignment or other transfer by the Payee of any of the Obligations, the Payee may transfer its interest in the Pledged Securities, or any part thereof, to the assignee or transferee, who shall thereupon become vested with all the rights, remedies, powers, security interests and liens herein granted to the Payee in respect of the Pledged Securities or the transferred part thereof, subject, however, to the restrictions contained herein.
Transfers of Interest. 25 Section 9.1 General Partner.......................................................................25 Section 9.2 Admission of a Substitute or Additional General Partner...............................26 Section 9.3 Effect of Bankruptcy, Withdrawal, Death or Dissolution of a General Partner...........26 Section 9.4 Removal of a General Partner..........................................................27 Section 9.5 Restrictions on Transfer of Limited Partnership Interests.............................27 Section 9.6 Admission of Substitute Limited Partner...............................................28 Section 9.7 Rights of Assignees of Partnership Interests..........................................28 Section 9.8 Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner.........29 Section 9.9 Joint Ownership of Interests..........................................................29 Section 9.10 Transferees...........................................................................29
Transfers of Interest. No Partner shall have the right or power to assign, transfer or otherwise dispose of its interest in the Partnership without the prior written approval of all other Partners. For this purpose, a transfer of the ownership interest in either Partner or the admission of a new partner by the Partners shall be deemed a transfer of a Partnership interest.
Transfers of Interest. Each member’s interest in the Company is personal property of that member. The members acknowledge that the Company is a closely held company and, as such, does not have a ready market for sale of any member’s interest. The members also acknowledge that, as a closely held company, the present combination of members is important to the success of the Company. New members, not approved by all present members, would not be in the best interest of the Company. Therefore, the members deem it in their and the Company’s best interest to provide some restriction on the transfer, purchase, and ownership of the membership interests in the Company. The members adopt the following restrictions on transfer:
Transfers of Interest. 10.1Transfer by Franchisor. Franchisor shall have the right to transfer or assign all or any part of its rights or obligations herein to any person or legal entity.
