Recognition of Member. The Company is entitled to recognize a person registered on its books as the owner of the specified percentage of membership interest of the Company as having the exclusive right to receive distributions and to vote notwithstanding any other person’s equitable or other claim to, or interest in, such membership interest.
Appears in 35 contracts
Samples: Operating Agreement (Insurance Auto Auctions Tennessee LLC), Operating Agreement (Insurance Auto Auctions Tennessee LLC), Operating Agreement (Adesa California, LLC)
Recognition of Member. The Company is entitled to recognize a person Person registered on its books as the owner of the specified percentage of membership interest Membership Interest of the Company as having the exclusive right to receive distributions and to vote notwithstanding any other personPerson’s equitable or other claim to, or interest in, such membership interestMembership Interest.
Appears in 3 contracts
Samples: Operating Agreement (Auto Portfolio Services, LLC), Operating Agreement (Adesa California, LLC), Operating Agreement (Adesa California, LLC)
Recognition of Member. The Company is entitled to recognize a person Person registered on its books as the owner of the specified percentage of membership interest Membership Interest of the Company as having the exclusive right to receive distributions and to vote notwithstanding any other personPerson’s equitable or other claim to, or interest in, such membership interestMembership Interest.
Appears in 1 contract
Recognition of Member. The Company is entitled to recognize a person registered on its books as the owner of the specified percentage of membership interest of the Company as having the exclusive right tight to receive distributions and to vote notwithstanding any other person’s equitable or other claim to, or interest in, such membership interest.
Appears in 1 contract
