Rights as a Unitholder. Participant, or a transferee of the Option, shall have no rights as a holder of a membership interest in the Company except as to any Units actually purchased pursuant to the exercise of the Option.
Appears in 8 contracts
Samples: Option Agreement (Linn Energy, LLC), Option Agreement (LinnCo LLC), Option Agreement (LinnCo LLC)
Rights as a Unitholder. Participant, or a transferee of the Option, shall have no rights as a holder of a membership limited partner interest in the Company Partnership pursuant to this Option Agreement except as to any Units actually purchased pursuant to the exercise of the Option.
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