RIGHTS AND OBLIGATIONS OF THE NON-MANAGING MEMBERS. 37 Section 8.1 Management of the Company 37 Section 8.2 Power of Attorney 38 Section 8.3 Limitation on Liability of Non-Managing Members 38 Section 8.4 Redemption Right 38 Section 8.5 Registration 41 ARTICLE IX TRANSFER 47 Section 9.1 Purchase Not for Distribution 47 Section 9.2 Restrictions on Transfer of Member Interests 47 Section 9.3 Reserved 48 Section 9.4 Admission of Substitute Member 48 Section 9.5 Rights of Assignees of Members Interests 49 Section 9.6 Effect of Bankruptcy or Termination of a Non-Managing Member 49 Section 9.7 Month-End Convention 49
RIGHTS AND OBLIGATIONS OF THE NON-MANAGING MEMBERS. SECTION 8.1 Management of the Company. -------------------------- Except to the extent provided in Section 10.1, the Non-Managing Members shall not participate in the management or control of Company business nor shall they transact any business for the Company, nor shall they have the power to sign for or bind the Company, such powers being vested solely and exclusively in the Corporate Manager.
RIGHTS AND OBLIGATIONS OF THE NON-MANAGING MEMBERS
