Common use of Rights and Interests of Voluntary Transferee; Adjust of Voting Rights Clause in Contracts

Rights and Interests of Voluntary Transferee; Adjust of Voting Rights. If a Member transfer its Interest to a third party Transferee pursuant to this Article, such Transferee shall only succeed to the Members Economic Interest unless and until it complies with the provisions of Article 11.4 and is approved by the Manger as a Substitute Member. Until such time, if ever, that the third party Transferee becomes a Substitute Member, the voting Interests of the Remaining Members (i.e., all Members other than the Selling Member) will be increased proportionate with their Percentage Interests in the Company as if they had purchased the Selling Members Interest. The obligations, rights and Interests of the Selling, purchasing, and any Substitute Members shall inure to and be binding upon the heirs, successors and permitted assignees of such Members subject to the restriction of this Article. A third party Transferee shall have no right of action against the Manager of the Company for not being accepted as a Substitute Member.