Persons Deemed Members. The Company may treat the Person in whose name any Interest shall be registered on the books and records of the Company as a member and the sole holder of such Interest for purposes of receiving distributions and for all other purposes whatsoever and, accordingly, shall not be bound to recognize any equitable or other claims to or interest in such Interest on the part of any other Person, whether or not the Company shall have actual or other notice thereof.
Appears in 1 contract
Persons Deemed Members. The Company may treat the Person in whose name any Membership Interest shall be registered on the books and records of the Company as a member and the sole holder of such Interest interest for purposes of receiving distributions and or for all other purposes any purpose whatsoever and, accordingly, shall shall, to the fullest extent permitted by law, not be bound to recognize any equitable or other claims claim to or interest in such Membership Interest on the part of any other Person, whether or not the Company shall have actual or other notice thereof, except as otherwise expressly provided herein.
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Samples: Subscription Agreement
Persons Deemed Members. The Company may treat the Person in whose name any Interest shall be registered on the books and records of the Company as a member Member and the sole holder of such Interest for purposes of receiving distributions and for all other purposes whatsoever and, accordingly, shall not be bound to recognize any equitable or other claims to or interest in such Interest on the part of any other Person, whether or not the Company shall have actual or other notice thereof.
Appears in 1 contract
Persons Deemed Members. The Company may treat the Person in whose name any Interest Unit shall be registered on the books and records of the Company as a member Member and the sole holder of such Interest for purposes of receiving distributions and Unit for all other purposes whatsoever and, accordingly, shall not be bound to recognize any equitable or other claims to or interest in such Interest Unit on the part of any other Person, whether or not the Company shall have actual or other notice thereof.
Appears in 1 contract
Samples: Operating Agreement
Persons Deemed Members. The Company may treat the Person in whose name any Interest Membership Unit shall be registered on the books and records of the Company as a member Member and the sole holder of such Interest for purposes of receiving distributions and Membership Unit for all other purposes whatsoever and, accordingly, shall not be bound to recognize any equitable or other claims to or interest in such Interest Membership Unit on the part of any other Person, whether or not the Company shall have actual or other notice thereof.
Appears in 1 contract
Samples: Operating Agreement