Rights and Obligations of Additional Members and Substituted Members. A transferee of Units or Membership Interests who has been admitted as an Additional Member or as a Substituted Member or a purchaser of newly issued Units or Membership Interests from the Company who has been admitted as an Additional Member in accordance with this Section 3.5 shall have all the rights and powers and be subject to all the restrictions and liabilities under this Agreement relating to a Member holding Units.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Ecosphere Technologies Inc), Limited Liability Company Agreement (Laredo Petroleum - Dallas, Inc.), Limited Liability Company Agreement (Laredo Petroleum, Inc.)
Rights and Obligations of Additional Members and Substituted Members. A transferee of Units or Membership Interests who has been admitted as an Additional Member or as a Substituted Member or a purchaser of newly issued Units or Membership Interests from the Company who has been admitted as an Additional Member in accordance with this Section 3.5 3.6 shall have all the rights and powers and be subject to all the restrictions and liabilities under this Agreement relating to a Member holding UnitsMembership Interests.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (USW Financing Corp.), Limited Liability Company Agreement (Nexeo Solutions Finance Corp)
Rights and Obligations of Additional Members and Substituted Members. A transferee of Units or Membership Interests who has been admitted as an Additional Member or as a Substituted Member or a purchaser or recipient of newly issued Units or Membership Interests from the Company who has been admitted as an Additional Member in accordance with this Section 3.5 3.7 shall have all the rights and powers and be subject to all the restrictions restrictions, obligations and liabilities under this Agreement relating to a Member holding UnitsMembership Interests.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Magnum Hunter Resources Corp), Limited Liability Company Agreement (Magnum Hunter Resources Corp)
Rights and Obligations of Additional Members and Substituted Members. A transferee of Units or Membership Interests who has been admitted as an Additional Member or as a Substituted Member or a purchaser of newly issued Units or Membership Interests from the Company who has been admitted as an Additional Member in accordance with this Section 3.5 3.7 shall have all the rights and powers and be subject to all the restrictions and liabilities under this Agreement relating to a Member holding Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ecosphere Technologies Inc)
Rights and Obligations of Additional Members and Substituted Members. A transferee of Units or Membership Interests who has been admitted as an Additional Member or as a Substituted Member or a purchaser of newly issued Units or Membership Interests from the Company who has been admitted as an Additional Member in accordance with this Section 3.5 3.8 shall have all the rights and powers and be subject to all the restrictions and liabilities under this Agreement relating to a Member holding Units.
Appears in 1 contract
Samples: Limited Liability Company Agreement (RoyaltyTraders LLC)
