Common use of Elimination of Preemptive Rights Clause in Contracts

Elimination of Preemptive Rights. No Member shall be entitled as such, as a matter of right, to subscribe for or purchase interests in the Company of any class, now or hereafter authorized.

Appears in 16 contracts

Samples: Limited Liability Company Agreement (World Omni Auto Receivables LLC), Limited Liability Company Agreement (World Omni LT), Limited Liability Company Agreement (World Omni Auto Receivables LLC)

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Elimination of Preemptive Rights. No Member shall shaft be entitled as such, β€ž as a matter of right, to subscribe for or purchase interests in the Company of any class, now or hereafter authorized.

Appears in 1 contract

Samples: Limited Liability Company Agreement (World Omni Auto Leasing LLC)

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