Rights of Assignees. The Assignee of Units has no right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive Distributions and return of capital, and to be allocated the Profits and Losses attributable to the Units.
Appears in 9 contracts
Samples: Operating Agreement (Beazer Homes Sales, Inc), Operating Agreement (Beazer Homes Texas Lp), Operating Agreement (Clarksburg Skylark, LLC)
Rights of Assignees. The Subject to Section 8.5, an Assignee of Units a Unit has no right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive Distributions allocations of Net Profits and return of capitalNet Losses, and to be allocated the Profits distributions of Distributable Cash and Losses capital attributable to the UnitsUnit.
Appears in 4 contracts
Samples: Operating Agreement (GreenSky, Inc.), Operating Agreement (GreenSky, Inc.), Limited Liability Company Agreement (Caliburn International Corp)
Rights of Assignees. The Assignee of Units has no right to vote or to participate in the management of the business and affairs of the Company LLC or to become a Member. The Assignee is only entitled to receive Distributions and return of capital, distributions and to be allocated the Profits Net Income and Losses Net Loss (and items thereof) attributable to the UnitsUnits transferred to the Assignee.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Alliance Semiconductor Corp /De/), Limited Liability Company Operating Agreement (Alliance Semiconductor Corp /De/), Limited Liability Company Operating Agreement (Alliance Semiconductor Corp /De/)
