Transferee Rights. Any Person who is a Transferee of any portion of a Member’s Units in accordance with this Agreement shall become a substitute Member; provided, however, that, in the event of any Member Entity Transfer, the applicable Member shall remain a Member, and the applicable Transferee shall not become a substitute Member solely by reason of such Transfer. A Permitted Transferee of any Units or rights attributable to the Units of any Member shall be entitled to receive distributions of cash or other property from the Company to the extent of the rights under such Units.
Transferee Rights. Any transferee of a Unit who is not admitted as a Member in accordance with Section 3.6 of this Agreement has no right (i) to participate or interfere in the management or administration of the Company's business or affairs or (ii) to vote or agree on any matter affecting the Company or any Member. The only rights of a transferee of a Unit who is not admitted as a Member in accordance with Section 3.6 of this Agreement is to receive the Distributions to which the transferor would otherwise be entitled (to the extent of the Unit transferred) and to obtain such information concerning the Company's books and financial affairs as provided herein. However, each transferee will be subject to all of the obligations, restrictions and other terms contained in this Agreement as if such transferee were a Member. To the extent of any Unit transferred, the transferor Member shall not possess any right or power as a Member or under the terms of this Agreement and may not exercise any such right or power directly or indirectly on behalf of the transferee.
Transferee Rights. Any transferee of Common Stock or Preferred Stock who is not transferred Common Stock or Preferred Stock in accordance with this Agreement shall not have any rights under this Agreement and shall only have the rights of a Stockholder as provided by Delaware law. To the extent of any Common Stock or Preferred Stock Transferred, the transferor Stockholder shall not possess any right or power as a Stockholder under the terms of this Agreement and may not exercise any such right or power directly or indirectly on behalf of the transferee.
Transferee Rights. Any transferee of Units who is not admitted as a Member in accordance with this Agreement (an “Assignee”) has no right (a) to participate or interfere in the management or administration of the Company's business or affairs or (b) to vote or agree on any matter affecting the Company or any Member. The only rights of an Assignee are to receive the Distributions to which the transferor would otherwise be entitled (to the extent of the Units transferred). However, each Assignee will be subject to all of the obligations, restrictions and other terms contained in this Agreement as if such transferee were a Member. To the extent of any Units Transferred, the Transferring Member shall not possess any right or power as a Member or under the terms of this Agreement and may not exercise any such right or power directly or indirectly on behalf of the transferee.
Transferee Rights. 49 Section 19.5
Transferee Rights. Any transferee of Membership Interests who is not admitted as a Member in accordance with Section 6.9 has no right (a) to participate or interfere in the management or administration of the Company's business or affairs or (b) to vote or agree on any matter affecting the Company or any Member. The only rights of a transferee of Membership Interests who is not admitted as a Member in accordance with this Agreement is to receive the allocations of Net Profits and Net Losses and Distributions to which the transferor would otherwise be entitled (to the extent of the Membership Interests Transferred) and to obtain such information concerning the Company's books and financial affairs as provided herein. However, each transferee of Membership Interests will be subject to all of the obligations, restrictions and other terms contained in this Agreement as if such transferee were a Member. To the extent of any Membership Interests Transferred, the transferor Member shall not possess any right or power as a Member or under the terms of this Agreement and may not exercise any such right or power directly or indirectly on behalf of the transferee.
Transferee Rights. 39 SECTION 14.7 Effective Date........................................................................... 40 SECTION 14.8
Transferee Rights. If the shareholders of NESR Corp approve the terms of this Agreement to acquire Company Shares, NESR Corp substitutes for NESRH as an assignee of the Loan Contracts and any remaining contractual rights to purchase the Company Shares and only obtains such warranties as available to NESRH. NESR Corp indemnifies, defends and holds NESRH harmless from any claims brought by any entity against NESRH with respect to the Company Shares or the Loan Contracts and releases NESRH from all liabilities to NESR Corp upon Closing Date.
Transferee Rights. Any Person who receives by Transfer Shares in an amount equal to at least two percent (2%) of the Total Outstanding Common Stock shall be considered a "Shareholder" for purposes of this Section 4 (and only this Section 4) and shall be entitled to the same rights and subject to the same obligations as the other Shareholders pursuant to this Section 4.
