Rights of Unadmitted Assignees. A Person who acquires a Membership Interest but who is not admitted as a substituted Member pursuant to Section 10.5 shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (New Source Energy Partners L.P.), Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement (Memorial Production Partners LP)
Rights of Unadmitted Assignees. A Person who acquires a Membership an Interest but who is not admitted as a substituted Member pursuant to Section 10.5 9.6 hereof shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, and shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 5 contracts
Samples: Operating Agreement (Finova Group Inc), Operating Agreement (Leucadia National Corp), Operating Agreement (Leucadia National Corp)
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest but who is not admitted as a substituted Member pursuant to under Section 10.5 10.6 shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights (including voting rights) of a Member under the Delaware LLC Act or this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Mid-Con Energy Partners, LP), Limited Liability Company Agreement (Mid-Con Energy Partners, LP)
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest but who is not admitted as a substituted Member pursuant to Section 10.5 10.6 hereof shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, and shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.)
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest but who is not admitted as a substituted Member pursuant to Section 10.5 11.6 shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (QR Energy, LP), Limited Liability Company Agreement (Enterprise GP Holdings L.P.), Limited Liability Company Agreement (Energy Transfer Equity, L.P.)
Rights of Unadmitted Assignees. A Person who acquires a Membership an Interest but who is not admitted as a substituted Member pursuant to Section 10.5 10.6 shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Operating Agreement, and, to the fullest extent permitted by law, and shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Operating Agreement.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest Interests but who is not admitted as a substituted Member pursuant to Section 10.5 8.4 shall be entitled only to allocations and distributions with respect to such Membership Interest Interests in accordance with this Agreement, and, to the fullest extent permitted by law, Agreement and shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (MCI Income Fund V, LLC), Limited Liability Company Agreement (MCI Income Fund VII, LLC), Limited Liability Company Agreement (MCI Income Fund VII, LLC)
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest but who is not admitted as a substituted Member pursuant to Section 10.5 shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by lawLaw, shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Sanchez Production Partners LP), Limited Liability Company Agreement, Limited Liability Company Agreement (Constellation Energy Partners LLC)
Rights of Unadmitted Assignees. A Person who acquires a Membership an Interest but who is not admitted as a substituted Member pursuant to Section 10.5 10.6 shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Atlas Pipeline Partners Lp), Operating Agreement (Atlas Pipeline Partners Lp)
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest but who is not admitted as a substituted Member pursuant to Section 10.5 11.6 (an “Assignee”) shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by lawLaw, shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Central Energy Partners Lp)
Rights of Unadmitted Assignees. A Person who acquires a one or more Membership Interest Interests but who is not admitted as a substituted Member pursuant to Section 10.5 shall be 8.7 is entitled only to allocations and distributions with respect to such the Membership Interest Interests in accordance with this Agreement, andbut, to unless otherwise required by the fullest extent permitted by lawAct, shall have (i) has no right to any information or accounting of the affairs of the Company, shall (ii) is not be entitled to inspect the books or records of the Company, and shall not have any (iii) has none of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 1 contract
Samples: Operating Agreement (Texas San Macros Treatment Center Lp)
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest but who is not admitted as a substituted Member pursuant to Section 10.5 11.7 hereof shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, and shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires a Membership an Interest but who is not admitted as a substituted Member pursuant to Section 10.5 10.6 hereof shall be entitled only to allocations and distributions with respect to such Membership Interest in accordance with this Agreement, and, to the fullest extent permitted by law, and shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest one or more Interests but who is not admitted as a substituted Member pursuant to Section 10.5 11.6 shall be entitled only to allocations and distributions with respect to such Membership Interest Interests in accordance with this Agreement, and, to the fullest extent permitted by law, but shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person person who acquires a Membership Interest one or more Interests but who is not admitted as a substituted Member pursuant to Section 10.5 9.6 hereof shall be entitled only to allocations and distributions with respect to such Membership Interest Interests in accordance with this Agreement, and, to the fullest extent permitted by law, but shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (OCI Resources LP)
Rights of Unadmitted Assignees. A Person who acquires a Membership Interest Interests but who is not admitted as a substituted Member pursuant to Section 10.5 10.12 hereof shall be entitled only to allocations and distributions with respect to such Membership Interest Interests in accordance with this Agreement, and, to the fullest extent permitted by law, and shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the any books or records of the Company, and shall not have any of the rights of a Member under the Delaware LLC Act or this Agreement.
Appears in 1 contract
