Common use of No Member Rights Clause in Contracts

No Member Rights. Prior to exercise of this Warrant, the Holder shall not be entitled to any rights of a shareholder with respect to the Shares underlying this Warrant, including (without limitation) the right to vote such Shares, receive distributions thereon, Shares or be notified of membership meetings.

Appears in 4 contracts

Samples: Co Venture Agreement (VirTra, Inc), Operating Agreement (VirTra, Inc), Operating Agreement (Nuvola, Inc.)

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No Member Rights. Prior to exercise of this Warrant, the Holder shall not be entitled to any rights of a shareholder member of the Company with respect to the Shares underlying this WarrantWarrant Units, including (without limitation) the right to vote such Sharesvote, receive distributions thereondistributions, Shares exercise preemptive rights or be notified of membership member meetings, and, except as specifically provided in this Warrant, such Holder shall not be entitled to any notice or other communication concerning the business or affairs of the Company.

Appears in 2 contracts

Samples: Note Purchase Agreement (RoyaltyTraders LLC), RoyaltyTraders LLC

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No Member Rights. Prior to exercise of this Warrant, the Holder shall not be entitled to any rights of a shareholder Member with respect to the Shares Units underlying this Warrant, including (without limitation) the right to vote such SharesUnits, receive distributions thereon, Shares Units or be notified of membership meetings.

Appears in 2 contracts

Samples: Operating Agreement (VirTra, Inc), Operating Agreement (Nuvola, Inc.)

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