Common use of Assignee’s Rights Clause in Contracts

Assignee’s Rights. (a) Unless an Assignee becomes a Substitute Member in accordance with the provisions of Section 3.9, it shall not be entitled to any of the rights (including voting rights) granted to a Member hereunder or under the Act, other than the right to receive the share of distributions, allocations to his/its Capital Account, and any other items attributable to a Member’s Units to which its assignor would otherwise be entitled.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.), Limited Liability Company Agreement (Ranger Energy Services, Inc.)

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Assignee’s Rights. (a) Unless an Assignee becomes a Substitute Member in accordance with the provisions of Section 3.93.7, it shall not be entitled to any of the rights (including voting rights) granted to a Member hereunder or under the ActTBOC, other than the right to receive the share of distributions, allocations to his/its Capital Account, distributions and any other items attributable to a Member’s Units to which its assignor would otherwise be entitled.

Appears in 1 contract

Samples: Company Agreement (NGL Supply Terminal Company, LLC)

Assignee’s Rights. (a) 6.7.1 Unless an Assignee becomes a Substitute Member in accordance with the provisions of Section 3.96.6, it shall not be entitled to any of the rights (including voting rights) granted to a Member hereunder or under the Act, other than the right to receive (or be allocated) the share of distributionsNet Profits and Net Losses of the Company, allocations to his/its Capital Account, distributions and any other items attributable to a Member’s Units Interest to which its assignor would otherwise be entitled.

Appears in 1 contract

Samples: Operating Agreement (KBS Real Estate Investment Trust, Inc.)

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Assignee’s Rights. (a) 8.8.1 Unless an Assignee becomes a Substitute Member in accordance with the provisions of Section 3.98.7, it shall not be entitled to any of the rights (including voting rights) granted to a Member hereunder or under the Act, other than the right to receive (or be allocated) the share of distributionsNet Profits and Net Losses of the Company, allocations to his/its Capital Account, distributions and any other items attributable to a Member’s Units Interest to which its assignor would otherwise be entitled.

Appears in 1 contract

Samples: Operating Agreement (KBS Real Estate Investment Trust, Inc.)

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