Membership Rights and Obligations Sample Clauses

Membership Rights and Obligations. The undersigned:
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Membership Rights and Obligations. Upon the consmnmation of the transactions described in the Recitals, the Members will be members of the Company. Except as otherwise provided herein, the rights and obligations of the Company and the Members will be governed by the Act.
Membership Rights and Obligations. (a) In addition to any rights conferred by the Companies Act, each Member has the following rights and privileges of membership:
Membership Rights and Obligations 

Related to Membership Rights and Obligations

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.

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