Common use of Rights of Non-Member Transferee Clause in Contracts

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 (i) has no right to vote or otherwise participate in the Company’s governance, (ii) is not entitled to receive information concerning the Company’s affairs or inspect the Company’s books and records, (iii) with respect to the transferred Membership Interests, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 Article: (i) has no right to vote or otherwise participate in the Company’s 's governance, ; (ii) is not entitled to receive information concerning the Company’s 's affairs or inspect the Company’s 's books and records, ; (iii) with respect to the transferred Membership Interests, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, ; and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 Article: (i) has no right to vote or otherwise participate in the Company’s or any Series’ governance, ; (ii) is not entitled to receive information concerning the Company’s or any Series’ affairs or inspect the Company’s Company or any Series’ books and records, ; (iii) with respect to the transferred Membership Interests, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, ; and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then then-owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 (i) has no right to vote or otherwise participate in the CompanyLLC’s governance, (ii) is not entitled to receive information concerning the CompanyLLC’s affairs or inspect the CompanyLLC’s books and records, (iii) with respect to the transferred Membership InterestsUnits, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests Units shall be deemed to mean only Membership Interests Units then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 Article: (i) has no right to vote or otherwise participate in the CompanyLLC’s governance, ; (ii) is not entitled to receive information concerning the CompanyLLC’s affairs or inspect the CompanyLLC’s books and records, ; (iii) with respect to the transferred Membership Interests, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, ; and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 (i) has no right to vote or otherwise participate in the CompanyLLC’s governance, (ii) is not entitled to receive information concerning the CompanyLLC’s affairs or inspect the CompanyLLC’s books and records, (iii) with respect to the transferred Membership InterestsUnits, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests Units shall be deemed to mean only Membership Interests Units then owned by Members.. LIMITED LIABILITY COMPANY OPERATING AGREEMENT CF FUND II, LLC

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 Article: (i) has no right to vote or otherwise participate in the CompanyLLC’s governance, ; (ii) is not entitled to receive information concerning the CompanyLLC’s affairs or inspect the CompanyLLC’s books and records, ; (iii) with respect to the transferred Membership InterestsUnits, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, ; and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests Units shall be deemed to mean only Membership Interests Units then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 Article: (i) has no right to vote or otherwise participate in the Company’s Series’ governance, ; (ii) is not entitled to receive information concerning the Company’s Series’ affairs or inspect the Company’s Series’ books and records, ; (iii) with respect to the transferred Membership InterestsUnits, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, ; and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests Units shall be deemed to mean only Membership Interests Units then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 3.1, (i) has no right to vote or otherwise participate in the Company’s 's governance, (ii) is not entitled to receive information concerning the Company’s 's affairs or inspect the Company’s 's books and records, (iii) with respect to the transferred Membership InterestsInterest, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, but only at such times and in such amounts as the Company in its sole discretion may determine, and (iv) is subject to the restrictions imposed by this Article 3 3.8 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 3.1, (i) has no right to vote or otherwise participate in the Company’s governance, (ii) is not entitled to receive information concerning the Company’s affairs or inspect the Company’s books and records, (iii) with respect to the transferred Membership InterestsInterest, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, but only at such times and in such amounts as the Company in its sole discretion may determine, and (iv) is subject to the restrictions imposed by this Article 3 3.8 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 Article: (i) has no right to vote or otherwise participate in the Company’s governance, ; (ii) is not entitled to receive information concerning the Company’s affairs or inspect the Company’s books and records, ; (iii) with respect to the transferred Membership Interests, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, ; and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then owned by Members.

Rights of Non-Member Transferee. A Transferee who is not admitted as a Member in accordance with the provisions of this Article 3 Article: (i) has no right to vote or otherwise participate in the Company’s LLC's governance, ; (ii) is not entitled to receive information concerning the Company’s LLC's affairs or inspect the Company’s LLC's books and records, ; (iii) with respect to the transferred Membership Interests, is entitled to receive the Distributions to which the Member would have been entitled had the Transfer not occurred, ; and (iv) is subject to the restrictions imposed by this Article 3 to the same extent as a Member. Any provision of the Agreement permitting or requiring the Members to take action by vote or written approval of a specified percentage of the Membership Interests shall be deemed to mean only Membership Interests then owned by Members.