Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 19 contracts
Samples: Operating Agreement (Advanced BioEnergy, LLC), Operating Agreement, Operating Agreement (Advanced BioEnergy, LLC)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof of this Agreement shall be entitled only to the Membership Economic Interests Financial Rights with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 16 contracts
Samples: Operating Agreement (Highwater Ethanol LLC), Operating Agreement, Member Control Agreement
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 9.7 hereof shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 9 contracts
Samples: Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Iowa Renewable Energy, LLC), Operating Agreement (Western Dubuque Biodiesel, LLC)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof of this Agreement shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the CompanyCompany except as required by the Act, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 8 contracts
Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement, Operating Agreement (Homeland Energy Solutions LLC)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 9.6 hereof shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 6 contracts
Samples: Operating Agreement (Golden Grain Energy), Operating Agreement (Golden Grain Energy), Operating Agreement (Golden Grain Energy)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof 9.10 of this Agreement shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the CompanyCompany except as required by the Act, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 5 contracts
Samples: Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof 9.10 of this Agreement shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the CompanyCompany except as affirmatively required by the Act, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 5 contracts
Samples: Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC)
Rights of Unadmitted Assignees. A Person person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof 8.6 shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company's affairs, shall not be entitled to inspect the Company's books or records of the Companyrecords, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted substitute Member pursuant to Section 9.8 hereof of this Agreement shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the CompanyCompany except as required by the Act, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 3 contracts
Samples: Operating Agreement (Amaizing Energy Holding Company, LLC), Operating Agreement (Amaizing Energy Holding Company, LLC), Operating Agreement (Amaizing Energy Holding Company, LLC)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof of this Agreement shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 3 contracts
Samples: Operating Agreement (East Fork Biodiesel, LLC), Operating Agreement (East Fork Biodiesel, LLC), Operating Agreement (East Fork Biodiesel, LLC)
Rights of Unadmitted Assignees. A Any Person who that acquires Units a Unit but who that is not admitted as a substituted Member pursuant to Section 9.8 11.2 hereof shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units Unit in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 2 contracts
Samples: Company Operating Agreement (SRAM International Corp), Master Transaction Agreement (SRAM International Corp)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 10.8 hereof shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Joint Sales Company, shall not be entitled to inspect the books or records of the Joint Sales Company, shall not be entitled to designate any Directors and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Metabolix Inc), Operating Agreement (Metabolix, Inc.)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.. 9.8
Appears in 2 contracts
Samples: Operating Agreement (Cardinal Ethanol LLC), Operating Agreement (Cardinal Ethanol LLC)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof 9.9 of this Agreement shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the CompanyCompany except as required by the Act, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 2 contracts
Samples: Company Agreement (Liberty Renewable Fuels LLC), Company Agreement (Liberty Renewable Fuels LLC)
Rights of Unadmitted Assignees. A Person who acquires Equity Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof 11.6 shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Equity Units in accordance with this Agreement, and shall not be entitled and, to the Membership Voting Interest with respect to such Units. In additionfullest extent permitted by Law, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Williams Companies Inc), Agreement and Plan of Merger
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to in accordance with Section 9.8 hereof 11.8 below shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (OCM HoldCo, LLC), Operating Agreement (OCM HoldCo, LLC)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 SECTION 8.4 hereof shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the any books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 10.7 hereof shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the BADGER STATE ETHANOL, LLC OPERATING AGREEMENT books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 10.7 hereof shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Samples: Operating Agreement
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof 11.10 shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Samples: Preferred Unit Purchase Agreement (Elandia International Inc.)
Rights of Unadmitted Assignees. A Any Person who that acquires Units a Unit but who that is not admitted as a substituted Member pursuant to Section 9.8 12.2 (an “Unadmitted Assignee”) hereof shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units Unit in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act BOC or this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Black Elk Energy Finance Corp.)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 12.7 hereof shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Alliance Pharmaceutical Corp)
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 7.9 hereof shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the any books or records of the Company, and shall not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires Units a Unit but who is not admitted as a substituted Substituted Member pursuant to Section 9.8 8.7 hereof shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units Unit in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the rights of a Member Manager under the Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof 9.7 of this Agreement shall be entitled only to the Membership Economic Interests with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest Interests with respect to such Units. In addition, such Person shall have no right to any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, and shall not have any of the other rights of a Member under the Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof shall 10.3 will be an assignee and will be entitled only to the Membership Economic Interests allocations and distributions with respect to such those Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall will have no right to any information or accounting of the affairs of the Company’s affairs, shall will not be entitled to inspect the Company’s books or records of the Companyrecords, and shall will not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Rights of Unadmitted Assignees. A Person who acquires one or more Units but who is not admitted as a substituted Member pursuant to Section 9.8 hereof this Agreement shall be entitled only to the Membership Economic Interests allocations and distributions with respect to such Units in accordance with this Agreement, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall (a) have no right to any information or accounting of the affairs of the Company, shall (b) not be entitled to inspect the books or records of the Company, and shall (c) not have any of the rights of a Member under the Act or this Agreement.
Appears in 1 contract
Samples: Operating Agreement (PERRIGO Co PLC)
Rights of Unadmitted Assignees. A Person who acquires one or more Units but who is not admitted as a substituted Substitute Member pursuant to Section 9.8 hereof shall 10.5 will be entitled only to the Membership Economic Interests Rights with respect to such Units in accordance with this Agreementthe Units, and shall not be entitled to the Membership Voting Interest with respect to such Units. In addition, such Person shall will have no right to Company information of any information or accounting of the affairs of the Company, shall not be entitled to inspect the books or records of the Company, kind and shall not will have any of the no rights of a Member under the Act or this Agreement.
Appears in 1 contract
Samples: Operating Agreement (Microhelix Inc)