Common use of Rights of Additional or Substitute Members Clause in Contracts

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)

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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 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.. LIMITED LIABILITY COMPANY OPERATING AGREEMENT FORTE INVESTMENT FUND, LLC

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Forte Investment Fund, LLC)

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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

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