Transfer of Membership Interest. (a) The Member may not sell, assign, encumber, transfer or otherwise Dispose of any Units of its Membership Interest (or take or omit to take any action, filing, election or other action that could result in a deemed sale, assignment, encumbrance, transfer or other Disposition); provided, however that the Member may make such a transfer to an Affiliate of the Member, which Affiliate shall have a special purpose charter and bylaws substantially similar in all material respects to those of the Member. Any attempted Disposition not in accordance with this Agreement shall be void.
Appears in 9 contracts
Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii)
