Rights of a Member. Any substitute Member admitted to the Company pursuant to the requirements of this Section 3.4 shall succeed to all rights and be subject to all the obligations of the transferring or assigning Member with respect to the Membership Interest to which such Member was substituted.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Lower Road Associates LLC), Limited Liability Company Operating Agreement (Lower Road Associates LLC), Operating Agreement (Lower Road Associates LLC)
