Common use of Rights of Assignees Clause in Contracts

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable the Membership Interest.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Operating Agreement (Advanta Business Services Corp), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)

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Rights of Assignees. The An Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The An Assignee is only entitled to receive the Distributions distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable to the assigned Membership Interest, in accordance with the manner set forth herein.

Appears in 3 contracts

Samples: Operating Agreement (Success Acquisition Corp), Operating Agreement (Success Acquisition Corp), Operating Agreement (Success Acquisition Corp)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable to the Membership Interest.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Advanta Bank Corp), Limited Liability Company Operating Agreement (Advanta Bank Corp)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable to the assigned Membership Interest, or portion thereof.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

Rights of Assignees. The Assignee of a Membership Company Interest has no Management Rights or right to participate in the management of the business and no right to vote in the affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions distributions and return of capital, and to be allocated the Net Profits net profits and Net Losses net losses attributable the Membership to his or her Company Interest.

Appears in 1 contract

Samples: LLC Operating Agreement

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions Distribution and return of capital, and to be allocated the Net Profits and Net Losses attributable the Membership Interest.

Appears in 1 contract

Samples: Operating Agreement (Fibermark Office Products LLC)

Rights of Assignees. The Assignee of a Membership Interest has shall have no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is shall only be entitled to receive the Distributions distributions and return of capital, and to be allocated the Net Profits profits and Net Losses losses attributable the to such Membership Interest.

Appears in 1 contract

Samples: Operating Agreement (Oasis Interval Ownership, LLC)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable to the Membership Interest.

Appears in 1 contract

Samples: Member Control and Operating Agreement (Investors Real Estate Trust)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and Distributions, return of capital, and to be allocated the Net Profits and Net Losses attributable to the assigned Membership Interest.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Capital Growth Systems Inc /Fl/)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and attributable to be allocated the Net Profits and Net Losses attributable the Membership Interest, shall be allocated Profits and Losses attributable to the Membership Interest, and shall have any other rights specifically accorded an Assignee by the terms of this Agreement, in each case in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Legion Capital Corp)

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Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and to be allocated the Net Profits and or Net Losses attributable to the Membership Interest.

Appears in 1 contract

Samples: Operating Agreement (Wingfoot Ventures Eight Inc.)

Rights of Assignees. The Subject to the provisions of Section 12.0.1 concerning an Assignee of a Class B Member, the Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable to the Membership InterestInterest assigned to the Assignee.

Appears in 1 contract

Samples: Operating Agreement (Pegasus Communications Corp)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of or the business and affairs of the Company or to become a Member. The A permitted Assignee is only entitled to receive the Distributions distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable to the Membership assigned Interest, or portion thereof. The Company has no obligation to recognize the assignment of an Interest in breach of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive the Distributions and return of capital, and to be allocated the Net Profits and Net Losses attributable the Membership Interest.

Appears in 1 contract

Samples: Operating Agreement (Sentex Sensing Technology Inc)

Rights of Assignees. The Assignee of a Membership Interest has no Management Rights or right to participate in the management of the business and affairs of the Company or to become a Member. The Assignee is only entitled to receive Distributions attributable to the Distributions Membership Interest and return of capital, and to shall be allocated the Net Profits and Net Losses attributable to the Membership Interest, in each case in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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