Common use of RIGHTS AND OBLIGATIONS OF MEMBERS AND MANAGER Clause in Contracts

RIGHTS AND OBLIGATIONS OF MEMBERS AND MANAGER. 32 Section 7.01 Limitation of Liability and Duties of Members 32 Section 7.02 Lack of Authority 33 Section 7.03 No Right of Partition 33 Section 7.04 Indemnification 33 Section 7.05 Inspection Rights 34 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 Section 8.01 Records and Accounting 34 Section 8.02 Fiscal Year 35 ARTICLE IX TAX MATTERS 35 Section 9.01 Preparation of Tax Returns....................................................................... 35 Section 9.02 Tax Elections ................................................................................................ 35 Section 9.03 Tax Controversies ....................................................................................... 35 ARTICLE X RESTRICTIONS ON TRANSFER OF UNITS; CERTAIN TRANSACTIONS 36 Section 10.01 Transfers by Members 36 Section 10.02 Permitted Transfers 36 Section 10.03 Restricted Units Legend 36 Section 10.04 Transfer 37 Section 10.05 Assignee’s Rights 37 Section 10.06 Assignor’s Rights and Obligations 37 Section 10.07 Overriding Provisions 38 Section 10.08 RESERVED 39 Section 10.09 RESERVED 39 Section 10.10 RESERVED 39 ARTICLE XI RESERVED 40 ARTICLE XII ADMISSION OF MEMBERS 40 Section 12.01 Substituted Members 40 Section 12.02 Additional Members 40

RIGHTS AND OBLIGATIONS OF MEMBERS AND MANAGER. 32 36 Section 7.01 Limitation of Liability and Duties of Members 32 36 Section 7.02 Lack of Authority 33 37 Section 7.03 No Right of Partition 33 37 Section 7.04 Indemnification 33 37 Section 7.05 Inspection Rights 34 39 ARTICLE VIII BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 39 Section 8.01 Records and Accounting 34 39 Section 8.02 Fiscal Year 35 39 ARTICLE IX TAX MATTERS 35 39 Section 9.01 Preparation of Tax Returns....................................................................... 35 Returns 39 Section 9.02 Tax Elections ................................................................................................ 35 39 Section 9.03 Tax Controversies ....................................................................................... 35 40 ARTICLE X RESTRICTIONS ON TRANSFER OF UNITS; CERTAIN TRANSACTIONS 36 41 Section 10.01 Transfers by Members 36 41 Section 10.02 Permitted Transfers 36 41 Section 10.03 Restricted Units Legend 36 41 Section 10.04 Transfer 37 42 Section 10.05 Assignee’s Rights 37 42 Section 10.06 Assignor’s Rights and Obligations 37 42 Section 10.07 Overriding Provisions 38 43 Section 10.08 RESERVED 39 Spousal Consent 44 Section 10.09 RESERVED 39 Certain Transactions with respect to the Corporation 45 Section 10.10 RESERVED 39 Unvested Common Units 46 ARTICLE XI RESERVED 40 REDEMPTION AND DIRECT EXCHANGE RIGHTS 47 Section 11.01 Redemption Right of a Member 47 Section 11.02 Election and Contribution of the Corporation 50 Section 11.03 Direct Exchange Right of the Corporation 51 Section 11.04 Reservation of shares of Class A Common Stock; Listing; Certificate of the Corporation 52 Section 11.05 Exchange of Class C Common Incentive Units 53 Section 11.06 Effect of Exercise of Redemption or Direct Exchange 54 Section 11.07 Tax Treatment 54 Section 11.08 Company Exchange and Redemption Right 54 ii ARTICLE XII ADMISSION OF MEMBERS 40 55 Section 12.01 Substituted Members 40 55 Section 12.02 Additional Members 4055