Common use of Rights of Unit Holders Clause in Contracts

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.

Appears in 2 contracts

Samples: Operating Agreement (Franklin Covey Co), Operating Agreement (Franklin Covey Co)

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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.. 32 ARTICLE VII

Appears in 1 contract

Samples: Operating Agreement

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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.

Appears in 1 contract

Samples: Operating Agreement (Stratford American Corp)

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