Rights of Assignees. An assignee who does not become a Substitute Member shall succeed only to the rights of the assignor to receive allocations and distributions from the Company as provided in Articles 5, 6 and 10 hereof, and shall not have the right to become a Member or exercise any rights or powers of a Member.
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Samples: Operating Agreement (Geltex Pharmaceuticals Inc), Collaboration Agreement (Dyax Corp), Operating Agreement (Genzyme Transgenics Corp)
Rights of Assignees. An assignee who does not become a Substitute Member shall succeed only to the rights of the assignor to receive allocations and distributions from the Company as provided in Articles 5, 6 and 10 hereof, and shall not have the right to become a Member or exercise any rights or powers of a Member.10,
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Rights of Assignees. An assignee who does not become a Substitute Member shall succeed only to the rights of the assignor to receive allocations and distributions from the Company as provided in Articles 5V, 6 VI and 10 hereofX, and shall not have the right to become a Member or exercise any rights or powers vote to the extent of a Memberthe assigned interest.
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Samples: Limited Liability Company Agreement (Cyberkinetics Neurotechnology Systems, Inc.)
Rights of Assignees. An assignee who does not become a Substitute ------------------- Member shall succeed only to the rights of the assignor to receive allocations and distributions from the Company as provided in Articles 5, 6 and 10 hereof, and shall not have the right to become a Member or exercise any rights or powers of a Member.
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