Common use of Rights and Obligations of Transferees and Transferors Clause in Contracts

Rights and Obligations of Transferees and Transferors. Subject to Section 9.10(c), the Transferee of any Transfer of Units permitted pursuant to this Agreement shall be a Transferee only, and only shall receive, to the extent Transferred, the Economic Interest associated with the Units so Transferred, and such Transferee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights, and all obligations relating to, or in connection with, such Units remaining with the Transferring Member. The Transferring Member shall remain a Member even if it has Transferred all of its Units to one or more Transferees until such time as all such Transferees are admitted to the Company as Substitute Members pursuant to Section 9.10(c), as applicable. Subject to Section 9.10(c), in the event any Transferee desires to make a further Transfer of all or any portion of its Units, such Transferee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as the Member who initially held such Units.

Rights and Obligations of Transferees and Transferors. Subject to Section 9.10(c9.7(c), the Transferee of any Transfer of Units permitted pursuant to this Agreement shall be a Transferee only, and only shall receive, to the extent Transferred, the Economic Interest associated with the Units so Transferred, and such Transferee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights, and all obligations relating to, or in connection with, such Units remaining with the Transferring Member. The Transferring Member shall remain a Member even if it has Transferred all of its Units to one or more Transferees until such time as all such Transferees are admitted to the Company as Substitute Members pursuant to Section 9.10(c9.7(c), as applicable. Subject to Section 9.10(c), in In the event any Transferee desires to make a further Transfer of all or any portion of its Units, such Transferee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as the Member who initially held such Units.

Rights and Obligations of Transferees and Transferors. Subject to Section 9.10(c9.9(c), the Transferee of any Transfer of Units Membership Interests permitted pursuant to this Agreement shall be a Transferee only, and shall only shall receive, to the extent Transferred, the Economic Interest associated with the Units Membership Interests so Transferred, and such Transferee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights, and all obligations relating to, or in connection with, such Units Membership Interests remaining with the Transferring MemberTransferor. The Transferring Member Transferor shall remain a Member even if it has Transferred all of its Units Membership Interests to one or more Transferees until such time as all such Transferees are admitted to the Company as Substitute Members pursuant to Section 9.10(c9.9(c), as applicable. Subject to Section 9.10(c9.9(c), in the event if any Transferee desires to make a further Transfer of all or any portion of its UnitsMembership Interests, such Transferee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as the Member who initially held such UnitsMembership Interests.

Rights and Obligations of Transferees and Transferors. Subject to Section 9.10(c8.4(c), the Transferee of any Transfer of Units permitted pursuant to this Agreement shall be a Transferee only, and only shall receive, to the extent Transferred, the Economic Interest associated with the Units so Transferred, and such Transferee shall not be entitled or enabled to exercise any other rights or powers of a Member, such other rights, and all obligations relating to, or in connection with, such Units remaining with the Transferring Member. The Transferring Member shall remain a Member even if it has Transferred all of its Units to one or more Transferees until such time as all such Transferees are admitted to the Company as Substitute Members pursuant to Section 9.10(c8.4(c), as applicable. Subject to Section 9.10(c), in In the event any Transferee desires to make a further Transfer of all or any portion of its Units, such Transferee shall be subject to all of the provisions of this Agreement to the same extent and in the same manner as the Member who initially held such Units.