Membership Rights. For purposes of this Agreement, the membership rights of a Member (the "Membership Rights") shall mean the totality of a Member's rights as a member under the Agreement and the Act, including both economic and non-economic rights.
Appears in 3 contracts
Samples: Operating Agreement (Touchstone Resources Usa, Inc.), Operating Agreement (Maverick Oil & Gas, Inc.), Operating Agreement (Continental Southern Resources Inc)
Membership Rights. For purposes of this Agreement, the The term “membership rights of a Member (the "Membership Rights") rights” shall mean the totality of a the Member's ’s rights as a member under Member. These rights shall include the Agreement and the ActMember’s (a) economic rights, including both economic the Member’s LLC interest; and non-economic (b) the Member’s management rights, including voting rights and agency rights.
Appears in 1 contract
Samples: Limited Liability Company Agreement (American Diversified Energy LLC)
