Common use of Certain Rights Clause in Contracts

Certain Rights. The Payee shall retain all rights to inspect the books and records of the Company and to receive financial and other reports relating to the Company until the Payment Date. However, the Payee shall not be a Member of the Company and shall have no other rights (including, without limitation, any voting rights) as a Member under the Company's operating agreement.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (BlackRock Preferred Partners LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation Portfolio LLC), Limited Liability Company Agreement (BlackRock Alternatives Allocation FB TEI Portfolio LLC)

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