Rights of Unit Holders. Except as otherwise provided in this Agreement, each Unit Holder shall look solely to the Property of the Company for the return of its Capital Contribution and has no right or power to demand or receive Property other than cash from the Company. If the assets of the Company remaining after payment or discharge of the debts or liabilities of the Company are insufficient to return such Capital Contribution, the Unit Holders shall have no recourse against the Company or any other Unit Holder or Directors.
Rights of Unit Holders. A. In accordance with the transfer and assignment described in Section 7.1B, it is the intention of the parties hereto that Unit Holders shall have the same rights and obligations that Limited Partners have under this Agreement and under the Act. The fiduciary duties and obligations of the General Partner to the Limited Partner under the Act and this Agreement shall extend to the Unit Holders.
Rights of Unit Holders. The registered owner of a Unit Certificate shall have all the rights and privileges of a registered owner of the Senior Preferred Stock of Holdings represented thereby and the number of shares of Class B Common of Holdings represented thereby and shall be treated as the registered owner thereof for all purposes.
Rights of Unit Holders. Except as otherwise provided herein, the term “Member” for purposes of this ARTICLE VII shall include a Unit Holder.
Rights of Unit Holders. 35 10.6 Allocations During Period of Liquidation.......................................35 10.7 Character of Liquidating Distributions.........................................35 10.8 The Liquidator.................................................................35 10.8 Forms of Liquidating Distributions.............................................35
Rights of Unit Holders. 37 Section 7.01. Beneficiaries of Trust......................................................................37 Section 7.02. Rights, Terms and Conditions................................................................38 ARTICLE VIII DEPOSITOR..............................................................................38
Rights of Unit Holders. Except as otherwise specifically provided herein, the Unit Holders shall own pro rata the Beneficial Interest and shall be entitled to participate pro rata in the rights and benefits of Unit Holders under this Agreement. A Unit Holder by assignment or otherwise shall take and hold the same subject to all the terms and provisions of this Agreement and the Conveyance, which shall be binding upon and inure to the benefit of the successors, assigns, legatees, heirs and personal representatives of the Unit Holder. By an assignment or transfer of one or more Units, the assignor thereby shall, effective as of the close of business on the date of transfer and with respect to such assigned or transferred Unit or Units, part with, except as provided in Sections 3.06 and 4.02 hereof in the case of a transfer after a Quarterly Record Date and prior to the corresponding Distribution Date, (a) all of his Beneficial Interest attributable thereto, (b) all of his rights in, to and under such Unit or Units and (c) all interests, rights and benefits under this Agreement of a Unit Holder that are attributable to such Unit or Units as against all other Unit Holders, the Trust and the Trustee.
Rights of Unit Holders. If any Person who is not a Member acquires ownership of one or more Units, the term “Member” shall be construed to include such Unit Holder for purposes of this Article VI.
Rights of Unit Holders. 38 10.6 Allocations During Period of Liquidation .....................................................39 10.7
Rights of Unit Holders. Each (i) Member-transferee that is not admitted as a Substitute Member as a result of the directions of a transferor pursuant to Article 11.5(b), and (ii) Person who is not a Member who acquires Units, but which Person is not admitted as a Substitute Member, shall have only the right to receive the distributions and allocations of Pro?ts and Losses to which the transferor would have been entitled under this Agreement with respect to the transferred Units, but shall have no right to vote or otherwise participate in the management of the Company, no right to inspect the books and records of the Company, and no other rights afforded to Members under this Agreement. Any distributions to such purported transferee may be applied (without limiting any other legal or equitable rights of the Company) to satisfy any debts, obligations, or liabilities for damages that the transferor or transferee may have to the Company. A transferee of Units in a Permitted Transfer who is not admitted as a Substitute Member is referred to as a Unit Holder. 11.6
