Common use of Void Transfers Clause in Contracts

Void Transfers. Any Transfer by any Member of any Shares or other interest in the LLC in contravention of this Agreement in any respect (including, without limitation, the failure of the Transferee to execute a counterpart in accordance with Section 9.1(b)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other party. No purported assignee shall have any right to any profits, losses or distributions of the LLC.

Void Transfers. Any Transfer by any Member Unitholder of any Shares Units or other interest in the LLC in contravention of this Agreement in any respect (including, without limitation, the failure of the Transferee to execute a counterpart in accordance with Section 9.1(b)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other party. No purported assignee shall have any right to any profits, losses or distributions of the LLC.

Void Transfers. Any Transfer by any Member or Unitholder of any Shares Units or other interest in the Holdings LLC in contravention of this Agreement in any respect (including, without limitation, the failure of the Transferee to execute a counterpart in accordance with Section 9.1(b)to this Agreement) or which would cause the Holdings LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the Holdings LLC or any other party. No purported assignee of a void transfer shall have any right to any profitsProfits, losses Losses or distributions Distributions of the Holdings LLC.

Void Transfers. Any Transfer by any Member Unitholder of any Shares Units or other interest in the LLC in contravention of this Agreement in any respect (including, without limitation, the failure of the Transferee transferee to execute a counterpart in accordance with Section 9.1(b10.1(b)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other party. No purported assignee shall have any right to any profits, losses or distributions of the LLC.. ARTICLE XI

Void Transfers. Any Transfer by any Member or Unitholder of any Shares Units or other interest interests in the LLC in contravention of this Agreement in any respect (including, without limitation, including the failure of the Transferee transferee to execute a counterpart Joinder Agreement in accordance with Section 9.1(b)) or which would cause the LLC to not be treated as a partnership for U.S. federal income tax purposes shall be void and ineffectual and shall not bind or be recognized by the LLC or any other party. No purported assignee in a Transfer described in the preceding sentence shall have any right to any profitsProfits, losses Losses or distributions Distributions of the LLC.

Void Transfers. Any Transfer by any Member of any Shares Units or other interest in the Holdings LLC in contravention of this Agreement in any respect (including, without limitation, the failure of the Transferee to execute a counterpart in accordance with Section 9.1(b)) or which that would cause the Holdings LLC to not be treated as a partnership for U.S. federal income tax purposes purposes) shall be void and ineffectual and shall not bind or be recognized by the Holdings LLC or any other partyPerson. No purported assignee shall have any right to any profitsProfits, losses Losses or distributions Distributions of the Holdings LLC.