Common use of Transfer Permitted Clause in Contracts

Transfer Permitted. All or a portion of the Member's membership interest in the Company may be disposed of in any manner provided by law, and, upon such disposition, the transferee shall become a Member without further action on the part of the transferee, the Company or the Member.

Transfer Permitted. All or a portion of the Member's ’s membership interest in the Company may be disposed of in any manner provided by law, law and, upon such disposition, the transferee shall become a Member without further action on the part of the transferee, the Company or the Member.