Effect of Assignment. (a) Any Member who shall assign any Units or other interest in the Company shall cease to be a Member of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member with respect to such Units or other interest.
Appears in 128 contracts
Samples: Limited Liability Company Agreement (Ub Fuel Cell, LLC), Limited Liability Company Agreement (Ub Fuel Cell, LLC), Limited Liability Company Agreement (Ub Fuel Cell, LLC)
Effect of Assignment. (a) Any Member Unitholder who shall assign any Units or other interest in the Company shall cease to be a Member Unitholder of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member Unitholder with respect to such Units or other interest.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Cable One, Inc.), Limited Liability Company Agreement (NorthStar Asset Management Group Inc.), Limited Liability Company Agreement (VWR, Inc.)
Effect of Assignment. (a) Any Member Unitholder who shall assign assigns any Units or other interest in the Company LLC shall cease to be a Member Unitholder of the Company LLC with respect to such Units or other interest and shall no longer have any rights or privileges of a Member Unitholder with respect to such Units or other interest.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Triad Financial Corp), Limited Liability Company Agreement (Triad Financial Sm LLC), Limited Liability Company Agreement (Triad Financial Corp)
Effect of Assignment. (a) 11.7.1 Any Member who shall assign any Units or other interest in the Company shall cease to be a Member of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member with respect to such Units or other interest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (DelStaff, LLC), Limited Liability Company Agreement (DelStaff, LLC)
Effect of Assignment. (a) Any Member who shall assign any Units or other interest Interest in the Company shall cease to be a Member of the Company with respect to such Units or other interest Interest and shall no longer have any rights or privileges of a Member with respect to such Units or other interestInterest.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Viroment Capital, LLC), Limited Liability Company Agreement
Effect of Assignment. (a) 10.6.1. Any Member who shall assign any Units or other interest in the Company shall cease to be a Member of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member with respect to such Units or other interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Edison Nation, Inc.)
Effect of Assignment. (a) Any Member Partner who shall assign any Units or other interest in the Company shall cease to be a Member Partner of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member Partner with respect to such Units or other interest.
Appears in 1 contract
Samples: NRG Rema LLC
Effect of Assignment. (a) 10.6.1. Any Member who shall assign any Units or other interest in the Company shall cease to be a Member of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member with respect to such Units or other interest, including the ability to appoint any Managers it previously may have had.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Global Technologies LTD)
Effect of Assignment. (a) Any Member who shall assign make a permitted assignment under this Agreement of any Units or other interest in the Company shall cease to be a Member of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member with respect to such Units or other interest, except that unless and until the assignee of such Member is admitted as a substituted Member in accordance with the provisions of this Article XI, ---------- such assigning Member shall retain the statutory rights and obligations of an assignor member under applicable law.
Appears in 1 contract
Effect of Assignment. (a) Any Member Unitholder who shall assign any Units or other interest in the Company shall cease to be a Member Unitholder of the Company with respect to such Units or other interest and and, except as expressly provided herein, shall no longer have any rights or privileges of a Member Unitholder with respect to such Units or other interest.
Appears in 1 contract
Samples: Operating Agreement (Metaldyne Corp)
Effect of Assignment. (a) Any Member who shall assign make a permitted assignment under this Agreement of any Units or other interest in the Company shall cease to be a Member of the Company with respect to such Units or other interest and shall no longer have any rights or privileges of a Member with respect to such Units or other interest, except that unless and until the assignee of such Member is admitted as a substituted Member in accordance with the provisions of this Article XI, such assigning Member shall retain the statutory rights and ---------- obligations of an assignor member under applicable law.
Appears in 1 contract
