Common use of Limited Rights of Unadmitted Transferees Clause in Contracts

Limited Rights of Unadmitted Transferees. A Person who acquires any part of an Interest, but is not admitted as a substitute Member: (a) shall be subject to the restrictions of 38 Section 12.1, (b) shall be entitled only to Profit and Loss allocations and Distributions with respect to such Interest in accordance with this Agreement, (c) shall have no right to any information or accounting of the affairs of the Company, (d) shall not be entitled to inspect the books or records of the Company, (e) shall not be entitled to exercise any Governance Rights and (f) shall not have any of the other rights of a Member under the LLC Act or this Agreement.

Limited Rights of Unadmitted Transferees. A Person who holds merely Financial Rights or acquires any part of an Interest, but is not admitted as Interest other than pursuant to a substitute MemberPermitted Transfer: (a) shall be subject to the restrictions of 38 Section 12.1, 7.1; (b) shall be entitled only to Profit and Loss allocations and Distributions with respect to such Interest in accordance with this Agreement, ; (c) shall have no right to any information or accounting of the affairs of the Company, ; (d) shall not be entitled to inspect the books or records of the Company, ; (e) shall not be entitled to exercise any Governance Rights Rights; and (f) shall not have any of the other rights of a Member under the LLC Act or this Agreement.

Limited Rights of Unadmitted Transferees. A Person who acquires any part of an Interest, but is not admitted as a substitute MemberMember pursuant to Section 5.4: (a) shall be subject to the restrictions of 38 Section 12.114.1.1, (b) shall be entitled only to Profit and Loss allocations and Distributions with respect to such Interest in accordance with this Agreement, (c) shall have no right to any information or accounting of the affairs of the Company, (d) shall not be entitled to inspect the books or records of the Company, (e) shall not be entitled to exercise any Governance Voting Rights and (f) shall not have any of the other rights of a Member under the LLC Act or this Agreement.

Limited Rights of Unadmitted Transferees. A Person who acquires any part of an Interest, but is not admitted as a substitute or successor Member: (a) shall be subject to the restrictions of 38 Section 12.1, (b) shall be entitled only to Profit and Loss allocations and Distributions with respect to such Interest in accordance with this Agreement, (c) shall have no right to any information or accounting of the affairs of the Company, (d) shall not be entitled to inspect the books or records of the Company, (e) shall not be entitled to exercise any Governance Rights and (f) shall not have any of the other rights of the Member under this Agreement or a Member member under the LLC Act or this AgreementAct.

Limited Rights of Unadmitted Transferees. A Person who acquires any part of an Interest, but is not admitted as a substitute Member: (a) shall be subject to the restrictions of 38 Section 12.1, (b) shall be entitled only to Profit and Loss allocations and Distributions with respect to such Interest in accordance with this Agreement, (c) shall have no right to any information or accounting of the affairs of the Company, (d) shall not be entitled to inspect the books or records of the Company, (e) shall not be entitled to exercise any Governance Rights and (f) shall not have any of the other rights of a Member under the LLC Act or this Agreement.