Status of Terminated Member if Dissolution is Avoided. If dissolution is avoided under 5.01, then the Member whose interest has terminated loses all Governance Rights and will be considered merely an assignee of the Financial Rights owned before the termination of Membership.
Appears in 2 contracts
Samples: Member Control Agreement (Webdigs Inc), Member Control Agreement (Affinity Group Holding Inc)
Status of Terminated Member if Dissolution is Avoided. If dissolution is avoided under 5.01Section 13.4, then the Member whose interest has terminated loses shall lose all Governance Rights and will be considered merely an assignee of the Financial Rights owned before the termination of Membershipmembership.
Appears in 1 contract
Samples: Operating and Member Control Agreement (Juhl Energy, Inc)
Status of Terminated Member if Dissolution is Avoided. If dissolution is avoided under 5.01Section 5.1, then the Member whose interest has terminated loses shall lose all Governance Rights governance rights and will be considered merely an assignee of the Financial Rights financial rights owned before the termination of Membershipmembership.
Appears in 1 contract
Status of Terminated Member if Dissolution is Avoided. If dissolution is avoided under 5.01Section , then the Member whose interest has terminated loses shall lose all Governance Rights and will be considered merely an assignee of the Financial Rights owned before the termination of Membershipmembership.
Appears in 1 contract
Samples: Operating and Member Control Agreement (Juhl Energy, Inc)
