Rights and Obligations of Members and Manager Sample Clauses
Rights and Obligations of Members and Manager. 33 Section 7.01 Limitation of Liability and Duties of Members 33 Section 7.02 Lack of Authority 34 Section 7.03 No Right of Partition 34 Section 7.04 Indemnification 34 Section 7.05 Members Right to Act 36 Section 7.06 Inspection Rights 36 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 36 Section 8.01 Records and Accounting 36 Section 8.02 Fiscal Year 37 ARTICLE IX. TAX MATTERS 37 Section 9.01 Preparation of Tax Returns 37 Section 9.02 Tax Elections 37 Section 9.03 Tax Controversies 37 ARTICLE X. RESTRICTIONS ON TRANSFER OF UNITS; CERTAIN TRANSACTIONS 38 Section 10.01 Transfers by Members 38 Section 10.02 Permitted Transfers 38 Section 10.03 Restricted Units Legend 39 Section 10.04 Transfer 39 Section 10.05 Assignee's Rights 40 Section 10.06 Assignor's Rights and Obligations 40 Section 10.07 Overriding Provisions 40 Section 10.08 Spousal Consent 41 Section 10.09 Certain Transactions with respect to the Corporation 42 ARTICLE XI. REDEMPTION AND DIRECT EXCHANGE RIGHTS 43 Section 11.01 Redemption Right of a Member 43 Section 11.02 Election and Contribution of the Corporation 46 Section 11.03 Direct Exchange Right of the Corporation 46
Rights and Obligations of Members and Manager. 39 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 42 ARTICLE IX TAX MATTERS 42
Rights and Obligations of Members and Manager. 32 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 ARTICLE IX TAX MATTERS 35 ARTICLE X RESTRICTIONS ON TRANSFER OF UNITS; CERTAIN TRANSACTIONS 36 ARTICLE XI RESERVED 40 ARTICLE XII ADMISSION OF MEMBERS 40
Rights and Obligations of Members and Manager. 31 Section 7.01 Limitation of Liability and Duties of Members and Manager 31 Section 7.02 Lack of Authority 32 Section 7.03 No Right of Partition 32 Section 7.04 Indemnification 32 Section 7.05 Inspection Rights 33 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 33 Section 8.01 Records and Accounting 33 Section 8.02 Fiscal Year 34 Article IX. TAX MATTERS 34 Section 9.01 Preparation of Tax Returns 34 Section 9.02 Tax Elections 34 Section 9.03 Tax Controversies 34
Rights and Obligations of Members and Manager