Common use of Rights of Assignees Clause in Contracts

Rights of Assignees. An Assignee has no right to participate in the management of the business and affairs of the Company or to become a Member. An 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, 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)

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Rights of Assignees. An 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. An The 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: Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Limited Liability Company Operating Agreement (Advanta Business Services Corp), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)

Rights of Assignees. An 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. An The 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 2 contracts

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

Rights of Assignees. An The Assignee of a Membership Interest has no right to participate in the management of the business and affairs of the Company or to become a Member. An The 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 1 contract

Samples: Investors Real Estate Trust

Rights of Assignees. An 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 right to participate in the management of the business and affairs of the Company or to become a Member. An The 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 Interest assigned Membership Interest, in accordance with to the manner set forth hereinAssignee.

Appears in 1 contract

Samples: Operating Agreement (Pegasus Communications Corp)

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

Appears in 1 contract

Samples: Operating Agreement (ServiceMaster Consumer Services Limited Partnership)

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

Appears in 1 contract

Samples: Limited Liability Company Agreement (Legion Capital Corp)

Rights of Assignees. An The Assignee of a Membership Interest has no right to participate in the management of the business and affairs of the Company or to become a Member. An The 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 1 contract

Samples: Operating Agreement (Sentex Sensing Technology Inc)

Rights of Assignees. An The Assignee of a Interest has no right to participate in the management of or the business and affairs of the Company or to become a Member. An A permitted 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. The Company has no obligation to recognize the assignment of an Interest in accordance with the manner set forth hereinbreach of this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

Rights of Assignees. An The Assignee of a Membership Interest has no right to participate in the management of the business and affairs of the Company or to become a Member. An The 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 hereinor portion thereof.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

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Rights of Assignees. An The Assignee of a Membership Interest has no right to participate in the management of the business and affairs of the Company or to become a Member. An 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 assigned Membership Interest, in each case in accordance with the manner set forth hereinterms of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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

Appears in 1 contract

Samples: Operating Agreement (Oasis Interval Ownership, LLC)

Rights of Assignees. An The Assignee of a Membership Interest has no right to participate in the management of the business and affairs of the Company or to become a Member. An 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, in accordance with the manner set forth herein.

Appears in 1 contract

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

Rights of Assignees. An The Assignee of a Company Interest has no 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. An The Assignee is only entitled to receive the distributions and return of capital, and to be allocated the Net Profits net profits and Net Losses net losses attributable to the assigned Membership his or her Company Interest, in accordance with the manner set forth herein.

Appears in 1 contract

Samples: LLC Operating Agreement

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

Appears in 1 contract

Samples: Operating Agreement (Wingfoot Ventures Eight Inc.)

Rights of Assignees. An The Assignee of a Member has no right to participate in the management of the business and affairs of the Company or to become a MemberMember except as provided in Section 16.3 below. An The Assignee is only entitled to receive the distributions and return of capital, and to be allocated the Net Profits Income and Net Losses attributable to the assigned Membership Interest, in accordance with the manner set forth hereinits assignor.

Appears in 1 contract

Samples: Operating Agreement (Land O Lakes Inc)

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