Common use of PERSONS DEEMED PREFERRED MEMBERS Clause in Contracts

PERSONS DEEMED PREFERRED MEMBERS. The Company may treat the Person in whose name any Preferred Certificate shall be registered on the books and records of the Company as a Preferred Member and the sole holder of such Preferred Certificate for purposes of receiving dividends and for all other purposes whatsoever and, accordingly, shall not be bound to recognize any equitable or other claims to or interest in such Preferred Certificate on the part of any other Person, whether or not the Company shall have actual or other notice thereof.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Icg Funding LLC), Limited Liability Company Agreement (Cellnet Data Systems Inc), Limited Liability Company Agreement (Cellnet Data Systems Inc)

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PERSONS DEEMED PREFERRED MEMBERS. The Company may treat the Person in whose name any Preferred Certificate shall be registered on the books and records of the Company as a Preferred Member and the sole holder of such Preferred Certificate for purposes of receiving dividends or other distributions and for all other purposes whatsoever andwhatsoever, accordingly, and accordingly shall not be bound to recognize any equitable or other claims to or interest in such Preferred Certificate on the part of any other Person, whether or not the Company shall have actual or other notice thereof.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Morgan J P & Co Inc), Limited Liability Company Agreement (Morgan J P & Co Inc)

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PERSONS DEEMED PREFERRED MEMBERS. The Company may treat the Person in whose name any Preferred Certificate shall be registered on the books and records of the Company as a Preferred Member and the sole holder of such Preferred Certificate for purposes of receiving dividends 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 any Preferred Certificate on the part of any other Person, whether or not the Company shall have actual or other notice thereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Enserch Exploration Inc /Tx/)

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