Common use of Rights of Assignees Clause in Contracts

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 is admitted to the Company as a substitute Member pursuant to Section 9.4, such transferee will be only a Holder of an Economic Interest; provided, however, that a Permitted Transferee will automatically become a substitute Member.

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 Section 8.1 is admitted to the Company as a substitute Member pursuant to Section 9.48.3, such transferee will shall be only a Holder of an Economic Interest; provided, however, that a Permitted Transferee will shall automatically become a substitute MemberMember effective upon such Transfer.

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 permitted by this ARTICLE 8 is admitted to the Company as a substitute Member pursuant to Section 9.48.10, such transferee will be deemed only a Holder of an Assignee holding an Economic Interest; provided, however, that a Permitted Transferee will automatically become a substitute MemberMember upon the execution of an instrument satisfactory to the entire Board of Managers accepting and adopting the terms and provisions of this Agreement.

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 Section 8.1 is admitted to the Company as a substitute Member pursuant to Section 9.48.3, such transferee will shall be only a Holder of an Economic Interest; provided, ,however, that a Permitted Transferee will shall automatically become a substitute MemberMember effective upon such Transfer.