Rights and Obligations of Unitholders and Members. 45 Section 6.1 Limitation of Liability; Return of Distributions 45 Section 6.2 Lack of Authority 46 Section 6.3 No Right of Partition 46 Section 6.4 Indemnification 46 Section 6.5 Members Right to Act 48 Section 6.6 Investment Opportunities and Conflicts of Interest 50 Section 6.7 Restrictive Covenants 50 Section 6.8 Limitation on Certain Remedies 52 ARTICLE VII BOOKS, RECORDS, ACCOUNTING AND REPORTS 52 Section 7.1 Books and Record; Accounting 52 Section 7.2 Tax Reports 52 Section 7.3 Certain Financial Information 52 Section 7.4 Confidentiality 54 Section 7.5 Transmission of Communications 55 Section 7.6 Compliance 55 ARTICLE VIII TAX MATTERS 56 Section 8.1 Tax Returns 56 Section 8.2 Tax Elections 56 Section 8.3 Tax Controversies 56 Section 8.4 Code Section 83 Safe Harbor Election 57 ARTICLE IX TRANSFER OF UNITS; REPURCHASE OF UNITS 57 Section 9.1 Required Consent; Member Entities 57 Section 9.2 First Refusal Rights 59 Section 9.3 Tag Along Rights 60 Section 9.4 Approved Sale; Drag-Along Obligations 61 Section 9.5 Effect of Assignment 65 Section 9.6 Additional Restrictions on Transfer 65 Section 9.7 Legend 66 Section 9.8 Transfer Fees and Expenses 67 Section 9.9 Void Transfers 67 Section 9.10 Change in Business Form 67 Section 9.11 Market Stand-Off 70 Section 9.12 Forfeiture of Incentive Units or Subordinate Xxxxx 00 Xxxxxxx 0.00 Xxxxxxxxxx Right on Certain Separations 71 TABLE OF CONTENTS (continued) ARTICLE X ADMISSION OF MEMBERS 73 Section 10.1 Substituted Members 73 Section 10.2 Additional Members 73 ARTICLE XI WITHDRAWAL AND RESIGNATION OF UNITHOLDERS 74 Section 11.1 Withdrawal and Resignation of Unitholders 74 ARTICLE XII DISSOLUTION AND LIQUIDATION 74 Section 12.1 Dissolution 74 Section 12.2 Liquidation and Termination 74 Section 12.3 Securityholders Agreement 75 Section 12.4 Cancellation of Certificate 75 Section 12.5 Reasonable Time for Winding Up 75 Section 12.6 Return of Capital 76 Section 12.7 Xxxx-Xxxxx-Xxxxxx 76 ARTICLE XIII VALUATION 76 Section 13.1 Valuation of Holdings LLC/Subsidiary Securities 76 Section 13.2 Valuation of Other Assets and Securities 76 ARTICLE XIV GENERAL PROVISIONS 77 Section 14.1 Power of Attorney 77 Section 14.2 Amendments 78 Section 14.3 Title to Holdings LLC Assets 78 Section 14.4 Remedies 78 Section 14.5 Successors and Assigns 79 Section 14.6 Severability 79 Section 14.7 Counterparts; Binding Agreement; Delivery 79 Section 14.8 Descriptive Headings; Interpretation 80 Section 14.9 Applicable Law; Forum 80 Section 14....
Rights and Obligations of Unitholders and Members
