Common use of Economic Interest Holders Clause in Contracts

Economic Interest Holders. A transferee or successor to all or any portion of a Interest that is not admitted as a substituted Member of the Company shall be subject to all of the economic and non-economic obligations of a Member under this Agreement, including obligations to make Capital Contributions and reimbursement obligations, but shall not have any of the non-economic rights of a Member under this Agreement. For clarity, the non-economic rights of a Member include rights to vote, consent or approve matters under this Agreement, inspection rights, audit rights, rights to indemnification, and all rights to make any claims or demands against the Company, any Member or the Manager under this Agreement, the Act or otherwise. Each Member, by execution of this Agreement, acknowledges and agrees that any of its transferees or successors that is not admitted as a substituted Member of the Company shall be bound by this Section 8.8 and the other provisions of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Solitario Exploration & Royalty Corp.)

AutoNDA by SimpleDocs

Economic Interest Holders. A transferee or successor to all or any portion of a an Interest that is not admitted as a substituted Member of the Company shall will be subject to all of the economic and non-economic obligations of a Member under this Agreement, including obligations to make Capital Contributions and reimbursement obligations, but shall will not have any of the non-economic rights of a Member under this Agreement. For clarity, the non-economic rights of a Member include include, without limitation, rights to vote, consent or approve matters under this Agreement, inspection rights, audit rights, rights to indemnification, and all rights to make any claims or demands against the Company, any Member or the Manager under this Agreement, the Act or otherwise. Each Member, by execution of this Agreement, acknowledges and agrees that any of its transferees or successors that is not admitted as a substituted Member of the Company shall will be bound by this Section 8.8 and the other provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Texas Mineral Resources Corp.)

Economic Interest Holders. A transferee or successor to all or any portion of a an Interest that is not admitted as a substituted Member of the Company shall be subject to all of the economic and non-economic obligations of a Member under this Agreement, including obligations to make Capital Contributions and reimbursement obligations, but shall not have any of the non-economic rights of a Member under this Agreement. For clarity, the non-economic rights of a Member include include, without limitation, rights to vote, consent or approve matters under this Agreement, inspection rights, audit rights, rights to indemnification, and all rights to make any claims or demands against the Company, any Member or the Manager under this Agreement, the Act or otherwise. Each Member, by execution of this Agreement, acknowledges and agrees that any of its transferees or successors that is not admitted as a substituted Member of the Company shall be bound by this Section 8.8 and the other provisions of this Agreement.. Amended and Restated Limited Liability Company Agreement of Peak Gold, LLC: Page 35

Appears in 1 contract

Samples: Limited Liability Company Agreement (Contango ORE, Inc.)

Economic Interest Holders. A transferee or successor to all or any portion of a an Interest that is not admitted as a substituted Member of the Company shall be subject to all of the economic and non-economic obligations of obligationsof a Member under this Agreement, including obligations to make Capital Contributions (if any) and reimbursement obligationsobligations (if any), but shall not have any of the non-economic rights of a Member under this Agreement. For clarity, the non-economic rights of a Member include include, without limitation, rights to vote, consent or approve matters under this Agreement, inspection rights, audit rights, rights to indemnification, and all rights to make any claims or demands against the Company, any Member or the Manager any Representative under this Agreement, the Act or otherwise. Each Member, by execution of this Agreement, acknowledges and agrees that any of its transferees or successors that is not admitted as a substituted Member of the Company shall be bound by this Section 8.8 and the other provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

AutoNDA by SimpleDocs

Economic Interest Holders. A transferee or successor to all or any portion of a an Interest that is not admitted as a substituted Member of the Company shall be subject to all of the economic and non-economic obligations of a Member under this Agreement, including obligations to make Capital Contributions and reimbursement obligations, but shall not have any of the non-economic rights of a Member under this Agreement. For clarity, the non-economic rights of a Member include include, without limitation, rights to vote, consent or approve matters under this Agreement, inspection rights, audit rights, rights to indemnification, and all rights to make any claims or demands against the Company, any Member or the Manager under this Agreement, the Act or otherwise. Each Member, by execution of this Agreement, acknowledges and agrees that any of its transferees or successors that is not admitted as a substituted Member of the Company shall be bound by this Section 8.8 8.10 and the other provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!