Common use of Violating Transactions Clause in Contracts

Violating Transactions. Any transaction or purported transaction will be null and void unless made strictly in accordance with the provisions of this Article 7. If for any reason a Transfer of membership interests takes place in breach of this Article 7, in addition to other remedies, the recipient of the membership interests will have only the rights of an assignee pursuant to the Act.

Appears in 6 contracts

Samples: Operating Agreement, Operating Agreement (Slingshot USA LLC), Operating Agreement (Slingshot USA LLC)

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Violating Transactions. Any transaction or purported transaction will be null and void unless made strictly in accordance with the provisions of this Article 79. If for any reason a Transfer transfer of membership interests takes place in breach without the prior written approval by the Majority Vote of this Article 7Members, in addition to other remedies, then the recipient of the membership interests will have only the rights of an assignee pursuant to the Act.

Appears in 1 contract

Samples: Operating Agreement

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Violating Transactions. Any transaction or purported transaction will be null and void unless made strictly in accordance with the provisions of this Article 7. If for any reason a Transfer of membership interests takes place in breach of this Article 7, in addition to other remedies, the recipient of the membership interests will have only the rights of an assignee pursuant to the Act.. DocuSign Envelope ID: 8DA751A9-A224-4FC7-B12B-3FF166466269

Appears in 1 contract

Samples: Operating Agreement (Slingshot USA LLC)

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