Common use of General Prohibition Clause in Contracts

General Prohibition. Except as otherwise permitted by this Agreement, no Member may, directly or indirectly, assign, convey, sell, transfer, liquidate, encumber, pledge, or in any way alienate by operation of law or otherwise (collectively, a “Transfer”), all or any part of his Interest unless otherwise specifically permitted by this Agreement or unless approved by the Manager, which consent may be given or withheld in its sole discretion. Any attempted Transfer of all or any portion of an Interest without the necessary consent or as otherwise permitted hereunder, shall be null and void and shall have no effect whatsoever.

General Prohibition. Except as otherwise permitted by this Agreement, no Member may, directly or indirectly, assign, convey, sell, transfer, liquidate, encumber, pledge, or in any way alienate by operation of law or otherwise (collectively, a “Transfer”), all or any part of his Interest unless otherwise specifically permitted by this Agreement or unless approved by the Managertrustee, which consent may be given or withheld in its sole discretion. Any attempted Transfer transfer of all or any portion of an Interest without the necessary consent or as otherwise permitted hereunder, hereunder shall be null and void and shall have no effect whatsoever.

General Prohibition. Except as otherwise permitted by this Agreement, no Member may, directly or indirectly, assign, convey, sell, transfer, liquidate, encumber, pledge, hypothecate or in any way alienate by operation of law or otherwise (collectively, a “Transfer”), all or any part of his Interest unless otherwise specifically permitted by this Agreement or unless approved by the Manager, which consent may be given or withheld in its sole discretion. Any attempted Transfer of all or any portion of an Interest without the necessary consent or as otherwise permitted hereunder, hereunder shall be null and void and shall have no effect whatsoever.