Common use of Rights Prior to Admission Clause in Contracts

Rights Prior to Admission. Unless and until an Assignee of an interest in the Company is admitted to the Company as a Substituted Member pursuant to and in accordance with Sections 8.8 and 8.9, such Assignee shall not be entitled to any rights in the Company or recognized as a Member for any purpose (other than with respect to distributions and allocations of income and loss for tax purposes in respect of the assigned interest) and, in particular, shall not be entitled to vote or give consents with respect to such interest in the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (MN8 Energy, Inc.), Limited Liability Company Agreement (MN8 Energy, Inc.), Limited Liability Company Agreement (MN8 Energy, Inc.)

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