Common use of Governance Rights Clause in Contracts

Governance Rights. If the Transfer will include any Governance Rights, the Member shall Transfer all such Governance Rights, coupled with a simultaneous Transfer to the same transferee of all of the Member's Financial Rights relating to such Interest.

Appears in 3 contracts

Samples: Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc), Member Control Agreement (Lakes Gaming Inc)

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Governance Rights. If the Transfer will include any Governance Rights, the Member shall Transfer all such Governance Rights, coupled with a simultaneous Transfer to the same transferee of all of the Member's Financial Rights relating to such Membership Interest.

Appears in 1 contract

Samples: Operating Agreement (Famous Daves of America Inc)

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Governance Rights. If the Transfer will include any Governance Rights, the transferring Member shall Transfer all such Governance Rights, Rights coupled with a simultaneous Transfer to the same transferee of all of the Member's Financial Rights relating to such InterestUnits.

Appears in 1 contract

Samples: Member Control Agreement (Active Iq Technologies Inc)

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