Common use of Manager as Member Clause in Contracts

Manager as Member. The Manager and/or Affiliates may purchase Investor Units for the same price and upon the same terms and conditions, as all other purchasers thereof. As a result, the Manager or Affiliates shall be admitted to the Company as Members with respect to such Investor Units and shall be entitled to all rights as Members appurtenant thereto, including but not limited to the right to vote on certain Company matters as provided for in this Agreement and to receive Distributions and allocations attributable to the Investor Units so purchased.

Appears in 3 contracts

Samples: Operating Agreement (T Reit Inc), Operating Agreement (NNN 2002 Value Fund LLC), Operating Agreement (NNN 2002 Value Fund LLC)

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Manager as Member. The Manager and/or Affiliates may purchase ----------------- Investor Units for the same price and upon the same terms and conditions, as all other purchasers thereof. As a result, the Manager or Affiliates shall be admitted to the Company as Members with respect to such Investor Units and shall be entitled to all rights as Members appurtenant thereto, including but not limited to the right to vote on certain Company matters as provided for in this Agreement and to receive Distributions and allocations attributable to the Investor Units so purchased.

Appears in 1 contract

Samples: Operating Agreement (T Reit Inc)

Manager as Member. The Manager and/or Affiliates may purchase Investor Units for the same price and upon the same terms and conditions, as all other purchasers thereof. As a result, the Manager or Affiliates shall be admitted to the Company as Members with respect to such Investor Units and shall be entitled to all rights as Members appurtenant thereto, including but not limited to the right to vote on certain Company matters as provided for in this Agreement and to receive Distributions and allocations attributable to the Investor Units so purchased.. 3.1.9

Appears in 1 contract

Samples: Operating Agreement

Manager as Member. The Manager and/or Affiliates may purchase Investor Units Interests for the same price and upon the same terms and conditions, as all other purchasers thereof. As a result, the Manager or Affiliates shall be admitted to the Company as Members with respect to such Investor Units Interests and shall be entitled to all rights as Members appurtenant thereto, including but not limited to to, the right to vote on certain Company matters as provided for in this Agreement and to receive Distributions and allocations attributable to the Investor Units Interests so purchased.

Appears in 1 contract

Samples: Operating Agreement

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Manager as Member. The Manager and/or Affiliates may purchase Investor Units Interests for the same price and upon the same terms and conditions, conditions as all other purchasers thereof. As a result, the Manager or Affiliates shall be admitted to the Company as Members with respect to such Investor Units Interests and shall be entitled to all rights as Members appurtenant thereto, including but not limited to to, the right to vote on certain Company matters as provided for in this Agreement and to receive Distributions and allocations attributable to the Investor Units Interests so purchased.

Appears in 1 contract

Samples: Operating Agreement

Manager as Member. The Manager and/or Affiliates may purchase Investor Units for the same price and upon the same terms and conditions, as all other purchasers thereof, net of selling commissions and expenses and certain other items as described in the Memorandum. As a result, the Manager or Affiliates shall be admitted to the Company as Members with respect to such Investor Units and shall be entitled to all rights as Members appurtenant thereto, including but not limited to to, the right to vote on certain Company matters as provided for in this Agreement Agreement, and to receive Distributions and allocations attributable to the Investor Units so purchased.

Appears in 1 contract

Samples: Operating Agreement (NNN 2003 Value Fund LLC)

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