Common use of Rights and Obligations of Members Clause in Contracts

Rights and Obligations of Members. 30 Section 7.01 Limitation of Liability and Duties of Members 30 Section 7.02 Lack of Authority 31 Section 7.03 No Right of Partition 31 Section 7.04 Indemnification 31 Section 7.05 Members Right to Act 32 Section 7.06 Inspection Rights 33 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 Section 8.01 Records and Accounting 34 Section 8.02 Fiscal Year 34 Section 8.03 Reports 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 35 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 Section 10.01 Transfers by Members 35 Section 10.02 Permitted Transfers 35 Section 10.03 Restricted Units Legend 36 Section 10.04 Transfer 36 Section 10.05 Assignee’s Rights 37 Section 10.06 Assignor’s Rights and Obligations 37 Section 10.07 Overriding Provisions 37

Rights and Obligations of Members. 30 Section 7.01 Limitation of Liability and Duties of Members 30 Members; Investment Opportunities 33 Section 7.02 Lack of Authority 31 34 Section 7.03 No Right of Partition 31 34 Section 7.04 Indemnification 31 34 Section 7.05 Members Right to Act 32 35 Section 7.06 Inspection Rights 33 36 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 Section 8.01 Records and Accounting 34 37 Section 8.02 Fiscal Year 34 Section 8.03 Reports 34 37 Article IX. TAX MATTERS 34 Section 9.01 Preparation of Tax Returns 34 37 Section 9.02 Tax Elections 34 37 Section 9.03 Tax Controversies 35 38 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 Section 10.01 Transfers by Members 35 38 Section 10.02 Permitted Transfers 35 39 Section 10.03 Restricted Units Legend 36 39 Section 10.04 Transfer 36 40 Section 10.05 Assignee’s Rights 37 40 Section 10.06 Assignor’s Rights and Obligations 37 40 Section 10.07 Overriding Provisions 3741

Rights and Obligations of Members. 30 31 Section 7.01 Limitation of Liability and Duties of Members 30 31 Section 7.02 Lack of Authority 31 32 Section 7.03 No Right of Partition 31 32 Section 7.04 Indemnification 31 32 Section 7.05 Members Right to Act 32 33 Section 7.06 Inspection Rights 33 34 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 Section 8.01 Records and Accounting 34 Section 8.02 Fiscal Year 34 Section 8.03 Reports 34 Article IX. TAX MATTERS 34 35 Section 9.01 Preparation of Tax Returns 34 35 Section 9.02 Tax Elections 34 35 Section 9.03 Tax Controversies 35 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 36 Section 10.01 Transfers by Members 35 36 Section 10.02 Permitted Transfers 35 36 Section 10.03 Restricted Units Legend 36 Section 10.04 Transfer 36 37 Section 10.05 Assignee’s Rights 37 Section 10.06 Assignor’s Rights and Obligations 37 38 Section 10.07 Overriding Provisions 3738

Rights and Obligations of Members. 30 Section 7.01 Limitation of Liability and Duties of Members 30 Members; Investment Opportunities 35 Section 7.02 Lack of Authority 31 36 Section 7.03 No Right of Partition 31 36 Section 7.04 Indemnification 31 36 Section 7.05 Members Right to Act 32 37 Section 7.06 Inspection Rights 33 38 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 Section 8.01 Records and Accounting 34 39 Section 8.02 Fiscal Year 34 Section 8.03 Reports 34 39 Article IX. TAX MATTERS 34 Section 9.01 Preparation of Tax Returns 34 39 Section 9.02 Tax Elections 34 39 Section 9.03 Tax Controversies 35 39 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 Section 10.01 Transfers by Members 35 40 Section 10.02 Permitted Transfers 35 40 Section 10.03 Restricted Units Legend 36 41 Section 10.04 Transfer 36 41 Section 10.05 Assignee’s Rights 37 42 Section 10.06 Assignor’s Rights and Obligations 37 42 Section 10.07 Overriding Provisions 3742 Article XI. REDEMPTION AND EXCHANGE RIGHTS Section 11.01 Redemption of Units 43

Rights and Obligations of Members. 30 22 Section 7.01 Limitation of Liability and Duties of Members 30 22 Section 7.02 Lack of Authority 31 23 Section 7.03 No Right of Partition 31 23 Section 7.04 Indemnification 31 23 Section 7.05 Members Right to Act 32 Section 7.06 Inspection Rights 33 Article 24 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 24 Section 8.01 Records and Accounting 34 24 Section 8.02 Fiscal Year 34 25 Section 8.03 Reports 34 Article 25 ARTICLE IX. TAX MATTERS 34 25 Section 9.01 Preparation of Tax Returns 34 25 Section 9.02 Tax Elections 34 25 Section 9.03 Tax Controversies 35 Article 25 Section 9.04 Withholding 26 ARTICLE X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 UNITS 26 Section 10.01 Transfers by Members 35 26 Section 10.02 Permitted Transfers 35 26 Section 10.03 Restricted Units Legend 36 27 Section 10.04 Transfer 36 27 Section 10.05 Assignee’s Rights 37 27 Section 10.06 Assignor’s Rights and Obligations 37 28 Section 10.07 Overriding Provisions 3728

Rights and Obligations of Members. 30 21 Section 7.01 Limitation of Liability and Duties of Members 30 21 Section 7.02 Lack of Authority 31 21 Section 7.03 No Right of Partition 31 21 Section 7.04 Indemnification 31 22 Section 7.05 Members Right to Act 32 23 Section 7.06 Inspection Rights 33 23 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 23 Section 8.01 Records and Accounting 34 23 Section 8.02 Fiscal Year 34 24 Section 8.03 Reports 34 24 Article IX. TAX MATTERS 34 24 Section 9.01 Preparation of Tax Returns 34 24 Section 9.02 Tax Elections 34 24 Section 9.03 Tax Controversies 35 24 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 25 Section 10.01 Transfers by Members 35 25 Section 10.02 Permitted Transfers 35 25 Section 10.03 Restricted Units Legend 36 25 Section 10.04 Transfer 36 25 Section 10.05 Assignee’s Rights 37 26 Section 10.06 Assignor’s Rights and Obligations 37 26 Section 10.07 Overriding Provisions 3726 Section 10.08 Spousal Consent 27

Rights and Obligations of Members. 30 21 Section 7.01 Limitation of Liability and Duties of Members 30 21 Section 7.02 Lack of Authority 31 21 Section 7.03 No Right of Partition 31 21 Section 7.04 Indemnification 31 21 Section 7.05 Members Right to Act 32 22 Section 7.06 Inspection Rights 33 23 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 23 Section 8.01 Records and Accounting 34 23 Section 8.02 Fiscal Year 34 23 Section 8.03 Reports 34 23 Article IX. TAX MATTERS 34 24 Section 9.01 Preparation of Tax Returns 34 24 Section 9.02 Tax Elections 34 24 Section 9.03 Tax Controversies 35 24 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 24 Section 10.01 Transfers by Members 35 24 Section 10.02 Permitted Transfers 35 24 Section 10.03 Restricted Units Legend 36 25 Section 10.04 Transfer 36 25 Section 10.05 Assignee’s Rights 37 25 Section 10.06 Assignor’s Rights and Obligations 37 26 Section 10.07 Overriding Provisions 3726 Article XI. REDEMPTION AND EXCHANGE RIGHTS 28

Rights and Obligations of Members. 30 31 Section 7.01 Limitation of Liability and Duties of Members 30 31 Section 7.02 Lack of Authority 31 32 Section 7.03 No Right of Partition 31 32 Section 7.04 Indemnification 31 32 Section 7.05 Members Right to Act 32 33 Section 7.06 Inspection Rights 33 34 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 35 Section 8.01 Records and Accounting 34 35 Section 8.02 Fiscal Year 34 35 Section 8.03 Reports 34 35 Article IX. TAX MATTERS 34 35 Section 9.01 Preparation of Tax Returns 34 35 Section 9.02 Tax Elections 34 35 Section 9.03 Tax Controversies 35 36 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 35 36 Section 10.01 Transfers by Members 35 36 Section 10.02 Permitted Transfers 35 36 Section 10.03 Restricted Units Legend 36 37 Section 10.04 Transfer 36 37 Section 10.05 Assignee’s Rights 37 38 Section 10.06 Assignor’s Rights and Obligations 37 38 Section 10.07 Overriding Provisions 3738