Rights of Additional or Substitute Members. A Person admitted as an additional or substitute Member has all the rights and powers, and is subject to all the restrictions and obligations of a Member under this Agreement and the Act.
Appears in 27 contracts
Samples: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)
Rights of Additional or Substitute Members. A Person admitted as an additional or substitute Member has all the rights and powers, powers and is subject to all the restrictions and obligations of a Member under this Agreement and the Act.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement (Energius Management LLC), Operating Agreement (Huntsman Polymers Corp)
Rights of Additional or Substitute Members. A Person admitted as an additional or substitute Member has all the rights and powers, and is subject to all the restrictions and obligations obligations, of a Member under this Agreement and the Act.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC)
Rights of Additional or Substitute Members. A Person person admitted as an additional or substitute Member has all the rights and powers, powers and is subject to all the restrictions and obligations of a Member under this Agreement and the Act.
Appears in 1 contract
Samples: Operating Agreement
