A voluntary Transfer definition

A voluntary Transfer shall occur if (i) an Affected Interest is sold, exchanged, pledged, encumbered, given, gifted or otherwise voluntarily Transferred, with or without full consideration, to a Person who is a not a Member; or (ii) an agreement is entered into to do any of the foregoing; provided, however, that if a Transfer is permitted by Section 12.2, the Transfer shall not be an event creating an immediate option to buy the Affected Interest, except in the case of a proposed Transfer described in Section 12.2(d).