Common use of Rights of Mere Assignees Clause in Contracts

Rights of Mere Assignees. If a transferee of an Interest is not admitted as a Member, he or she shall be entitled to receive the allocations and distributions attributable to the transferred Interest, but he or she shall not be entitled to inspect the Company's books and records, receive an accounting of Company financial affairs, exercise the voting rights of a Member, or otherwise take part in the Company's business or exercise the rights of a Member under this Operating Agreement.

Rights of Mere Assignees. If a transferee of an Interest Transferee is not admitted as a Member, he or she shall be entitled to receive the allocations and distributions attributable to the transferred Interest, but he or she shall not be entitled to inspect the Company's ’s books and records, receive an accounting of Company the Company’s financial affairs, exercise the voting rights of a Member, or otherwise take part in the Company's ’s business or exercise the rights of a Member under this Operating AgreementAgreement or the Act. For purposes of any vote requiring the approval or disapproval of Members holding a particular percentage of the Membership Interests, any Interest held by a Transferee shall be deemed not to be a Membership Interest.

Rights of Mere Assignees. If a transferee of an Interest Transferee is not admitted as a Member, he or she shall be entitled to receive the allocations and distributions attributable to the transferred Interest, but he or she shall not be entitled to inspect the Company's Company"s books and records, receive an accounting of Company the Company"s financial affairs, exercise the voting rights of a Member, or otherwise take part in the Company's Company"s business or exercise the rights of a Member under this Operating AgreementAgreement or the Act. For purposes of any vote requiring the approval or disapproval of Members holding a particular percentage of the Membership Interests, any Interest held by a Transferee shall be deemed not to be a Membership Interest.

Rights of Mere Assignees. If a transferee of an Interest is not admitted as a Member, he or she it shall be entitled to receive the allocations and distributions attributable to the transferred Interest, but he or she it shall not be entitled to inspect the Company's books and records, receive an accounting of Company financial affairs, exercise the voting rights of a Member, affairs or otherwise take part in the Company's business or exercise the rights of a Member under this Operating Agreement.