Transfers of Units. (a) Except for a Transfer of Units to the Company in connection with the redemption of such Units under Section 4.3 hereof, no Member shall Transfer all or any portion of such Member’s Units except in compliance with the provisions of this Section 9 applicable to the class of Units such Member proposes to Transfer. Any purported Transfer of Units that is not permitted under this Section 9 shall be null and void and of no force or effect whatsoever.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Transfers of Units. (a) Except for a Transfer of Units to the Company in connection with the redemption of such Units under Section 4.3 hereof, no No Member shall Transfer all or any portion of such Member’s Units (including without limitation a “transferable interest,” as defined in the Act) except in compliance with the provisions of this Section 9 applicable to the class of Units such Member proposes to Transfer. Any purported Transfer of Units that is not permitted under this Section 9 shall be null and void and of no force or effect whatsoever.
Appears in 1 contract
Samples: Operating Agreement
Transfers of Units. (a) Except for a Transfer of Units to the Company in connection with the redemption of such Units under Section 4.3 hereof, no Member Unit Holder shall Transfer all or any portion of such MemberUnit Holder’s Units except in compliance with the provisions of this Section 9 applicable to the class of Units such Member proposes to Transfer9. Any purported Transfer of Units that is not permitted under this Section 9 shall be null and void and of no force or effect whatsoever.
Appears in 1 contract
Samples: Operating Agreement (Siouxland Renewable Holdings, LLC)