Common use of Rights of Assignees Clause in Contracts

Rights of Assignees. Until such time, if any, as a transferee of any permitted Transfer pursuant to this Article 7 is admitted to the Company as a Substitute Member pursuant to Paragraph 7.7: (a) such transferee shall be an Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred its Membership Interests would be entitled, and (b) such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he has transferred his entire Membership Interest, in whole or in part, in the Company to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Interest in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.

Rights of Assignees. Until such time, if any, as a transferee of any permitted Transfer pursuant to this Article 7 9 is admitted to the Company as a Substitute Member pursuant to Paragraph 7.7Section 9.8: (ai) such transferee shall be an Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred its Membership Interests Interest would be entitled, and (bii) to the fullest extent permitted by Applicable Law, such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he it has transferred his Transferred its entire Membership Interest, in whole or in part, Economic Interest in the Company to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Economic Interest in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.

Rights of Assignees. Until such time, if any, as a transferee of any permitted Transfer pursuant to this Article 7 is admitted to the Company as a Substitute Member pursuant to Paragraph 7.77.6: (ai) such transferee shall be an Assignee only, and only shall receive, to the extent Transferredtransferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred transferred its Membership Interests Interest would be entitled, and (bii) such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights rights, including, without limitation, management and voting rights, remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he it has transferred his its entire Membership Interest, in whole or in part, in the Company Economic Interest to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Interest in the CompanyEconomic interest, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.

Rights of Assignees. Until such time, if any, as a transferee of any permitted Transfer pursuant to this Article 7 is admitted to the Company as a Substitute Member pursuant to Paragraph 7.7Section 7.5: (ai) such transferee shall be an Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred its Membership Interests Interest would be entitled, and (bii) to the fullest extent permitted by Applicable Law, such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he it has transferred his Transferred its entire Membership Interest, in whole or in part, Economic Interest in the Company to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Economic Interest in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.

Rights of Assignees. Until such time, if any, as a transferee of any permitted Transfer pursuant to this Article 7 is admitted to the Company as a ------- Substitute Member pursuant to Paragraph 7.77.6: (ai) such transferee shall be an --------- Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred its Membership Interests Interest would be entitled, and (bii) such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he has transferred his entire Membership Interest, in whole or in part, Economic Interest in the Company to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Economic Interest in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.

Rights of Assignees. Until such time, if any, as a transferee of any Transfer permitted Transfer pursuant to this Article 7 VI is admitted to the Company as a Substitute Member pursuant to Paragraph 7.7Section 10.2 hereof: (ai) such transferee shall be an Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred its Membership Interests Economic Interest would be entitled, and (bii) such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he it has transferred his its entire Membership Interest, in whole or in part, Economic Interest in the Company to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Economic Interest in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.

Rights of Assignees. Until such timeSubject to Section 7.6, if any, as a the transferee of any permitted Transfer pursuant to this Article ARTICLE 7 is admitted to the Company as a Substitute Member pursuant to Paragraph 7.7: (a) such transferee shall be an Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred its Membership Interests would be entitled, and (b) such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights rights, and all obligations relating to, or in connection with, such Membership Interests remaining with the transferring Member. In such a case, the The transferring Member shall remain a Member even if he it has transferred his Transferred its entire Membership Interest, in whole or in part, Interests in the Company to one or more AssigneesAssignees until such time as the Assignee(s) is (are) admitted to the Company as (a) Member(s) pursuant to Section 7.6. In the event any Assignee desires to make a further assignment of any Membership Interest Interests in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any the Member desiring to make who initially held such an assignmentMembership Interests.

Rights of Assignees. Until such time, if any, as a transferee of any permitted Transfer pursuant to this Article 7 is admitted to the Company as a Substitute Member pursuant to Paragraph 7.7Section 7.6: (ai) such transferee shall be an Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, credit or any similar item to which the Member which Transferred its Membership Interests Interest would be entitled, ; and (bii) such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he has transferred his entire Membership Interest, in whole or in part, Economic Interest in the Company to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Economic Interest in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.

Rights of Assignees. Until such time, if any, as a transferee of any permitted Transfer pursuant to this Article 7 is admitted to the Company as a Substitute Member pursuant to Paragraph 7.7Section 7.6: (ai) such transferee shall be an Assignee only, and only shall receive, to the extent Transferred, the distributions and allocations of income, gain, loss, deduction, credit, or similar item to which the Member which Transferred its Membership Interests Interest would be entitled, and (bii) to the fullest extent permitted by Applicable Law, such Assignee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights remaining with the transferring Member. In such a case, the transferring Member shall remain a Member even if he it has transferred his Transferred its entire Membership Interest, in whole or in part, Economic Interest in the Company to one or more Assignees. In the event any Assignee desires to make a further assignment of any Membership Economic Interest in the Company, such Assignee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as any Member desiring to make such an assignment.