Financial Rights Sample Clauses

Financial Rights. For all purposes of this Agreement, “Financial Rights” means a Member’s rights to share in Company profits, losses, and distributions hereunder; and limited right to transfer all or any portion of a limited liability company interest pursuant to Section 18. Except as otherwise specifically set forth herein, or as later determined by the Board of Managers upon the establishment, all classes of limited liability company interests hereunder shall have Financial Rights in the proportion to their Percentage Interests.

Financial Rights. The Financial Rights of the Members consist of the right to receive allocations of Profit and Loss pursuant to Section 6 and the right to receive Distributions pursuant to Sections 7 and 13.02. Any allocations or Distributions to the Members must be divided equally among the Members, on the basis of the number of Units held by each Member. Radiopharm Ventures, LLC 2

Financial Rights. The preferred shares B shall under no circumstances before and after the expiration or termination of the Option Period, have any seniority over the preferred shares A, unless the Parties hereto explicitly and in writing agree that the preferred shares A shall no longer share the economic rights attached to preferred shares on a pari passu basis. No Party hereto shall use its power or rights to amend the Articles (or any other document) in such a way that the financial rights of either class of preferred shares change.

Financial Rights. (a) A Member may assign its Financial Rights in whole or in part. As to the Company, an assignment of Financial Rights is effective only when the Company has received notice of the assignment and has noted the assignment in the Required Records. (b) An assignee of a Member's Financial Rights derives its rights exclusively through the Member/assignor. Any assignee takes the assignment subject to any claims or offsets the Company has against the Member, regardless of whether those claims or offsets exist at the time of the assignment or arise afterwards. An amendment to this Agreement may change a Member's rights and consequently affect the rights of an assignee, even if the amendment is made after the assignment.

Financial Rights. Financial Rights" means a Member's rights to share in profits and losses and a Member's rights to receive distributions, interim distributions and termination distributions. It is not anticipated that there will be distributions of funds to members, however members are responsible for their assessments to ensure the viability of the association and the Company.

Financial Rights. A Member may NOT assign its financial rights or responsibilities in whole or in part without the approval of the board. Assignment of any membership interest or rights therein goes with the property. As to the Company, an assignment of financial rights is effective only as stated in NDCC 10-32-31. If the assignor owes any amount to the Company for any reason, the Company may set off that amount against any payment due an assignee of financial rights. Assessments due may become a lien on the lot associated with the membership interest if not paid.