Rights of Unadmitted Assignees. Notwithstanding any other provision of this Agreement, a Person who acquires an Interest but who is not admitted as a Member of the Company pursuant to this Agreement shall be entitled only to receive, to the extent assigned, the distributions and the allocations to which the assignor would be entitled under this Agreement, but shall have no right to vote or to participate in the management and affairs of the Company, or to exercise any of the rights of a Member.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (Decrane Holdings Co), Limited Liability Company Operating Agreement (Decrane Holdings Co), Limited Liability Company Operating Agreement (Decrane Holdings Co)
Rights of Unadmitted Assignees. Notwithstanding any other provision of this Agreement, a A Person who acquires an a Company Interest but who is not admitted as a Substituted Member of the Company pursuant to this Agreement Section 8.9 hereof shall be entitled only to receive, allocations and distributions with respect to the extent assigned, the distributions and the allocations to which the assignor would be entitled under such interest in accordance with this Agreement, but shall have no right to vote any information or to participate in accounting of the management and affairs of the Company, shall not be entitled to inspect the books or to exercise records of the Company, and shall not have any of the rights of a MemberMember under the Act or this Agreement.
Appears in 1 contract
Samples: Operating Agreement (Universal Health Realty Income Trust)
