No Rights as a Member. Optionee shall have no rights as a member in connection with the Units covered by the Option until the date (the "Exercise Date") an entry evidencing such ownership is made in the appropriate records of the Company. Except as may be provided under Section 10 of the Plan, the Company will make no adjustment for dividends (ordinary or extraordinary, whether in cash, securities, or other property) or distributions or other rights for which the record date is prior to the Exercise Date.
No Rights as a Member. The Holder of this Warrant shall not have, solely on account of such status, any rights of a member of the Company, either at law or in equity, except as provided in this Warrant.
No Rights as a Member. Except as expressly provided in this Warrant, no Holder, as such, shall be entitled to vote or receive dividends or be deemed the holder of units or any other securities of the Company which may at any time be issuable on the exercise hereof for any purpose, nor shall anything contained herein be construed to confer upon the Holder, as such, any of the rights of a member of the Company or any right to vote for the election of the directors or their equivalent or upon any matter submitted to members at any meeting thereof, or to receive notice of meetings, or to receive dividends or subscription rights or otherwise, until this Warrant shall have been exercised and the Warrant Units purchasable upon the exercise hereof shall have become deliverable. as provided herein.
No Rights as a Member. Nothing contained in this Note shall be construed as conferring upon the Lender or any other person the right to vote or to consent or to receive notices as a member in respect of meetings of members of the Borrower or any other matters or any rights whatsoever as a member of the Borrower, and no distributions shall be payable or accrued in respect of this Note or the interest represented hereby until Maturity.
No Rights as a Member. Nothing contained herein shall entitle the Holder to any rights as a Member of the Company or to be deemed the holder of any securities that may at any time be issuable on the exercise of the rights hereunder for any purpose nor shall anything contained herein be construed to confer upon the Holder, as such, any right to vote for the election of directors or upon any matter submitted to Members at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of shares, reclassification of shares, change of par value or change of shares to no par value, consolidation, merger, conveyance or otherwise) or to receive notice of meetings, or to receive dividends or subscription rights or any other rights of a Member of the Company until the rights under the Warrant shall have been exercised and the Shares purchasable upon exercise of the rights hereunder shall have become deliverable as provided herein.
No Rights as a Member. An Optionee shall have no rights as a member with respect to any Shares covered by the Option until the Optionee becomes entitled to receive such Shares by filing a notice of exercise and paying the Exercise Price pursuant to the terms hereof.
No Rights as a Member. Except as otherwise set forth in this Note, nothing contained herein shall entitle Holder to any rights as a stockholder of the Company or to be deemed the holder of any securities that may be construed to confer upon Holder, as such, any right to vote on, give or withhold consent to, or to receive notice of, any meeting or limited liability company or other member action relating to the Company.
No Rights as a Member. Holder shall have no rights as a member of Grantor in respect of Common Interests as to which this Warrant granted hereunder shall not have been exercised and payment shall not have been made as herein provided.
No Rights as a Member. Nothing contained herein shall entitle the Holder to any rights as a member of the Company, or a stockholder of Pubco, or to be deemed the holder of any securities that may at any time be issuable on the exercise of the rights hereunder for any purpose (including for tax purposes) nor shall anything contained herein be construed to confer upon the Holder, as such, any right to vote for the election of managers or directors or upon any matter submitted to members or stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of units, reclassification of units, change of par value or change of units to no par value, consolidation, merger, conveyance or otherwise) or to receive notice of meetings, or to receive dividends, tax distributions, or subscription rights or any other rights of a member or stockholder of the Company or Pubco, respectively, until the rights under the Warrant shall have been exercised and the Units or Class A common stock purchasable upon exercise of the rights hereunder shall have become deliverable as provided herein.
No Rights as a Member. Prior to the exercise of this Warrant, the Holder hereof shall not be entitled to any rights of a member of the Company with respect to Units for which this Warrant shall be exercisable, including, without limitation, the right to vote, to receive dividends or other distributions or to exercise any other rights, and shall not be entitled to receive any notice of any proceedings of the Company. In addition, prior to the exercise of this Warrant, no Holder is a Member (as defined in the LLC Operating Agreement.
