Common use of Rights and Obligations of Members and Manager Clause in Contracts

Rights and Obligations of Members and Manager. 33 Section 7.01 Limitation of Liability and Duties of Members 33 Section 7.02 Lack of Authority 34 Section 7.03 No Right of Partition 34 Section 7.04 Indemnification 34 Section 7.05 Members Right to Act 36 Section 7.06 Inspection Rights 36 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 36 Section 8.01 Records and Accounting 36 Section 8.02 Fiscal Year 37 ARTICLE IX. TAX MATTERS 37 Section 9.01 Preparation of Tax Returns 37 Section 9.02 Tax Elections 37 Section 9.03 Tax Controversies 37 ARTICLE X. RESTRICTIONS ON TRANSFER OF UNITS; CERTAIN TRANSACTIONS 38 Section 10.01 Transfers by Members 38 Section 10.02 Permitted Transfers 38 Section 10.03 Restricted Units Legend 39 Section 10.04 Transfer 39 Section 10.05 Assignee's Rights 40 Section 10.06 Assignor's Rights and Obligations 40 Section 10.07 Overriding Provisions 40 Section 10.08 Spousal Consent 41 Section 10.09 Certain Transactions with respect to the Corporation 42 ARTICLE XI. REDEMPTION AND DIRECT EXCHANGE RIGHTS 43 Section 11.01 Redemption Right of a Member 43 Section 11.02 Election and Contribution of the Corporation 46 Section 11.03 Direct Exchange Right of the Corporation 46

Rights and Obligations of Members and Manager. 33 31 Section 7.01 Limitation of Liability and Duties of Members 33 31 Section 7.02 Lack of Authority 34 32 Section 7.03 No Right of Partition 34 32 Section 7.04 Indemnification 34 32 Section 7.05 Members Right to Act 36 33 Section 7.06 Inspection Rights 36 ARTICLE 34 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 36 34 Section 8.01 Records and Accounting 36 34 Section 8.02 Fiscal Year 37 ARTICLE 35 Article IX. TAX MATTERS 37 35 Section 9.01 Preparation of Tax Returns 37 35 Section 9.02 Tax Elections 37 35 Section 9.03 Tax Controversies 37 ARTICLE 35 Article X. RESTRICTIONS ON TRANSFER OF UNITS; CERTAIN TRANSACTIONS 38 PREEMPTIVE RIGHTS 36 Section 10.01 Transfers by Members 38 36 Section 10.02 Permitted Transfers 38 37 Section 10.03 Restricted Units Legend 39 37 Section 10.04 Transfer 39 38 Section 10.05 Assignee's ’s Rights 40 38 Section 10.06 Assignor's ’s Rights and Obligations 40 38 Section 10.07 Overriding Provisions 40 39 Section 10.08 Spousal Consent 41 40 Section 10.09 Certain Transactions with respect to the Corporation 42 ARTICLE Drag-Along Rights 40 Article XI. REDEMPTION AND DIRECT EXCHANGE RIGHTS 43 41 Section 11.01 Redemption Right of a Member 43 Section 11.02 Election and Contribution of the Corporation 46 Section 11.03 Direct Exchange Right of the Corporation 4641

Rights and Obligations of Members and Manager. 33 Section 7.01 Limitation of Liability and Duties of Members 33 Section 7.02 Lack of Authority 34 33 Section 7.03 No Right of Partition 34 Section 7.04 Indemnification 34 Section 7.05 Members Right to Act 36 35 Section 7.06 Inspection Rights 36 ARTICLE Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 36 37 Section 8.01 Records and Accounting 36 37 Section 8.02 Fiscal Year 37 ARTICLE Article IX. TAX MATTERS 37 Section 9.01 Preparation of Tax Returns 37 Section 9.02 Tax Elections 37 Section 9.03 Tax Controversies 37 ARTICLE 38 Article X. RESTRICTIONS ON TRANSFER OF UNITS; CERTAIN TRANSACTIONS PREEMPTIVE RIGHTS 38 Section 10.01 Transfers by Members 38 Section 10.02 Permitted Transfers 38 39 Section 10.03 Restricted Units Legend 39 Section 10.04 Transfer 39 40 Section 10.05 Assignee's ’s Rights 40 Section 10.06 Assignor's ’s Rights and Obligations 40 Section 10.07 Overriding Provisions 40 41 Section 10.08 Spousal Consent 41 42 Section 10.09 Certain Transactions Tender Offers and Other Events with respect to the Corporation 42 ARTICLE Section 10.10 Call Right 43 Article XI. REDEMPTION AND DIRECT EXCHANGE RIGHTS 43 44 Section 11.01 Redemption Right of a Member 43 44 Section 11.02 Election and Contribution of the Corporation 46 48 Section 11.03 Direct Exchange Right of the Corporation 4648