No Membership Rights. The Lender is not entitled, as a holder of this instrument, to vote or receive distributions or be deemed the holder of membership interests of the Borrower for any purpose, nor will anything contained herein be construed to confer on the Lender, as such, any of the rights of a member of the Borrower or any right to vote for the election of managers or directors or upon any matter submitted to members, or to give or withhold consent to any company action, or to receive notice of meetings, or to receive subscription rights or otherwise.
No Membership Rights. Subscriber acknowledges and agrees that by accepting this Agreement, it has agreed to become only the Subscriber under this Agreement and nothing in this Agreement shall grant Subscriber any membership or other participation rights in the Corporation.
No Membership Rights. Nothing contained in this Note shall be construed as conferring upon the Holder the right to vote or to consent or to receive notice as a member in respect of meeting of members for the election of board of managers of the Company or any other matters or any rights whatsoever as a member of the Company; and no dividends shall be payable or accrued in respect of this Note or the interest represented hereby or the Securities obtainable hereunder upon conversion until, and only to the extent that, this Note shall have been so converted in accordance with the terms of the Purchase Agreement.
No Membership Rights. Prior to exercise of the Warrant, the Holder shall not be entitled to any rights of a Member, including the right to vote, approve or consent, receive dividends or other distributions on any Shares issuable upon the exercise of the Warrant, exercise preemptive rights or be notified of Member meetings, and, except as otherwise expressly set forth in this Agreement, the Holder shall not be entitled to any notice or other communication concerning the business or affairs of the Company.
No Membership Rights. Except as provided in this Warrant, Holder will not have any rights as a member of the Company until the exercise of this Warrant.
