Common use of Rights of an Assignee Clause in Contracts

Rights of an Assignee. If an assignee of a membership Interest is not admitted as a substitute member because of the failure to satisfy the requirements of 15C hereof, such assignee shall nevertheless be entitled to receive such distributions from the Company as the assigning Member would have been entitled to receive under the terms of this Operating Agreement with respect to such membership Interest had the assigning Member retained such membership Interest.

Rights of an Assignee. If an assignee of a membership Interest is not admitted as a substitute member Member because of the failure to satisfy the requirements of 15C hereof, such assignee shall nevertheless be entitled to receive such distributions from the Company as the assigning Member would have been entitled to receive under the terms of this Operating Agreement with respect to such membership Interest had the assigning Member retained such membership Interest.

Rights of an Assignee. If an assignee of a membership Interest is not Interests spot admitted as a substitute member because of the failure to satisfy the requirements of 15C hereof, such assignee shall nevertheless be entitled to receive such distributions from the Company as the assigning Member would have been entitled to receive under the terms of this Operating Agreement with respect to such membership Interest had the assigning Member retained such membership Interest.

Rights of an Assignee. If an assignee of a membership Interest is not admitted as a substitute member because of the failure to satisfy the requirements of 15C hereof, such assignee shall nevertheless be entitled to receive such distributions from the Company as the assigning Member would have been entitled to receive under the terms of this Operating Agreement with respect to such membership Interest had the assigning Member retained such membership Interest.

Rights of an Assignee. If an assignee of a membership Interest is not admitted as a substitute member Member because of the failure to satisfy the requirements of 15C hereof, such assignee shall nevertheless be entitled to receive such distributions from the Company as the assigning Member would have been entitled to receive under the terms of this Operating Agreement with respect to such membership Interest had the assigning Member retained such membership Interest.

Rights of an Assignee. If an assignee of a membership Interest is not admitted as a substitute member because of the failure to satisfy the requirements of 15C hereof, such assignee shall nevertheless be entitled to receive such distributions from the Company as the assigning Member would have been entitled to receive under the terms of this Operating Agreement with respect to such membership members Interest had the assigning Member retained such membership Interest.