Rights of a Transferee Sample Clauses

Rights of a Transferee. Any assignee or transferee of less than the Entire Interest of either Member shall, to the extent of such interest acquired, be entitled only to the assignor or transferor Member’s rights, if any, in the profits, losses, income, gains, deductions and distributions of such assignor or transferor Member pursuant to this Agreement, subject to the liabilities and obligations of such assignor or transferor Member hereunder; but such assignee or transferee of less than the Entire Interest of either Member shall have no right to participate in the management of the business and affairs of the Company and shall have no decision making authority hereunder and shall be disregarded in determining whether the approval, consent or any other action has been given or taken by the Members under this Agreement. In addition, the transferor Member and any such assignee or transferee of such transferor Member shall be considered one Member for purposes of Section 10.7.
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Rights of a Transferee. 15 16.7 Designation of Successor in Interest .......................... 15 16.8 Effect of Transfers and Admissions in Violation of this Article .................................................. 15
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Rights of a Transferee. If a transferee of a Partnership Interest is not admitted as a Substitute Limited Partner because of the failure to satisfy the requirements of Section 16.5 hereof, such transferee shall nevertheless be entitled to receive such distributions from the Partnership as the transferring Partner would have been entitled to receive under Sections 9 and 20.2 of this Agreement with respect to such Interest had the transferring Partner retained such Interest. A transferee who does not become a Substitute Limited Partner as provided herein has no right to: (a) require any information or accounting for Partnership transactions; (b) inspect the Partnership books; (c) seek judicial dissolution; or
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Rights of a Transferee. (1) The transferee of all or part of the interest of either Partner in the Partnership shall not be admitted as a substitute Partner of the Partnership, in the place of the transferring Partner, except with the prior written consent of the other Partner and compliance with all the other requirements of Section 6.3(b). Either Partner may withhold its consent to the substitution of a transferee for the transferring Partner arbitrarily in its sole discretion. (2) A transferee who is not admitted as a Partner shall not be a Partner with respect to the interest transferred, and such a transferee shall have none of the rights of a Partner under the Act or under this Agreement (including the right to vote on or consent to any matter), other than the right to receive allocations and distributions from the Partnership with respect to the interest transferred.
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Related to Rights of a Transferee

  • Rights of Assignee The Assignee of a Membership Interest shall be entitled to receive distributions and profits and losses attributable to the Membership Interest in the Company, but in no event shall the Assignee have the right to participate in, or interfere with, the management or administration of the Company’s business or affairs or become a substitute Member unless permitted to do so by a unanimous vote of the other Members.

  • Rights of a Shareholder Employee shall have no rights as a shareholder with respect to any shares covered by this Agreement until the date of issuance of a stock certificate to him for such shares. Except as otherwise provided herein, no adjustment shall be made for dividends or other rights for which the record date is prior to the date such stock certificate is issued.

  • No Rights of a Shareholder The Participant shall not have any rights as a shareholder of the Company until the Shares in question have been registered in the Company’s register of shareholders.

  • Rights of a Stockholder Prior to the time a Restricted Share is fully vested hereunder, the Employee shall have no right to transfer, pledge, hypothecate or otherwise encumber such Restricted Share. During such period, the Employee shall have all other rights of a stockholder, including, but not limited to, the right to vote and to receive dividends (subject to Section 2(a) hereof) at the time paid on such Restricted Shares.

  • Rights of Assignees Subject to Section 8.07, the transferee of any permitted Transfer pursuant to this Article VIII will be an assignee only (“Assignee”), and only will receive, to the extent transferred, the distributions and allocations of income, gain, loss, deduction, credit or similar item to which the Partner which transferred its Units would be entitled, and such Assignee will not be entitled or enabled to exercise any other rights or powers of a Partner, such other rights, and all obligations relating to, or in connection with, such Interest remaining with the transferring Partner. The transferring Partner will remain a Partner even if it has transferred all of its Units to one or more Assignees until such time as the Assignee(s) is admitted to the Partnership as a Partner pursuant to Section 8.10.

  • Rights of Assignees of Partnership Interests (a) Subject to the provisions of Sections 9.1 and 9.2 hereof, except as required by operation of law, the Partnership shall not be obligated for any purposes whatsoever to recognize the assignment by any Limited Partner of its Partnership Interest until the Partnership has received notice thereof. (b) Any Person who is the assignee of all or any portion of a Limited Partner’s Limited Partnership Interest, but does not become a Substitute Limited Partner and desires to make a further assignment of such Limited Partnership Interest, shall be subject to all the provisions of this Article 9 to the same extent and in the same manner as any Limited Partner desiring to make an assignment of its Limited Partnership Interest.

  • Rights of the Holder The Holder shall not, by virtue hereof, be entitled to any rights of a stockholder in the Company, either at law or equity, and the rights of the Holder are limited to those expressed in this Warrant and are not enforceable against the Company except to the extent set forth herein.

  • No Rights of a Stockholder The Participant shall not have any of the rights of a stockholder with respect to the Shares subject to the Restricted Stock Units until such Shares have been issued.

  • Rights of Shareholder Except as otherwise provided in this instrument, the Grantee shall have no rights as a shareholder of the Corporation in respect of the Restricted Units or Common Stock for which the Award is granted; and the Grantee shall not be considered or treated as a record owner of shares of Common Stock with respect to the Restricted Units until the Common Stock is issued to Grantee and no longer subject to any of the restrictions imposed under the Award indicated in this instrument, and Common Stock is actually issued and transferred to Grantee.

  • Rights of Transferees Subject to Section 7, the rights granted to the Holder hereunder of this Warrant shall pass to and inure to the benefit of all subsequent transferees of all or any portion of this Warrant (provided that the Holder and any transferee shall hold such rights in proportion to their respective ownership of this Warrant and Warrant Shares) until extinguished pursuant to the terms hereof.

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