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

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

Rights and Obligations of Members and Manager. 31 33 Section 7.01 Limitation of Liability and Duties of Members 31 33 Section 7.02 Lack of Authority 32 34 Section 7.03 No Right of Partition 32 34 Section 7.04 Indemnification 32 34 Section 7.05 Members Right to Act 33 36 Section 7.06 Inspection Rights 34 Article 36 ARTICLE VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 36 Section 8.01 Records and Accounting 34 36 Section 8.02 Fiscal Year 35 Article 37 ARTICLE IX. TAX MATTERS 35 37 Section 9.01 Preparation of Tax Returns 35 37 Section 9.02 Tax Elections 35 37 Section 9.03 Tax Controversies 35 Article 37 ARTICLE X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 36 CERTAIN TRANSACTIONS 38 Section 10.01 Transfers by Members 36 38 Section 10.02 Permitted Transfers 37 38 Section 10.03 Restricted Units Legend 37 39 Section 10.04 Transfer 38 39 Section 10.05 Assignee’s 's Rights 38 40 Section 10.06 Assignor’s 's Rights and Obligations 38 40 Section 10.07 Overriding Provisions 39 40 Section 10.08 Spousal Consent 40 41 Section 10.09 Drag-Along Rights 40 Article Certain Transactions with respect to the Corporation 42 ARTICLE XI. REDEMPTION AND DIRECT EXCHANGE RIGHTS 41 43 Section 11.01 Redemption Right of a Member 4143 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. 31 33 Section 7.01 Limitation of Liability and Duties of Members 31 33 Section 7.02 Lack of Authority 32 33 Section 7.03 No Right of Partition 32 34 Section 7.04 Indemnification 32 34 Section 7.05 Members Right to Act 33 35 Section 7.06 Inspection Rights 34 36 Article VIII. BOOKS, RECORDS, ACCOUNTING AND REPORTS, AFFIRMATIVE COVENANTS 34 37 Section 8.01 Records and Accounting 34 37 Section 8.02 Fiscal Year 35 37 Article IX. TAX MATTERS 35 37 Section 9.01 Preparation of Tax Returns 35 37 Section 9.02 Tax Elections 35 37 Section 9.03 Tax Controversies 35 38 Article X. RESTRICTIONS ON TRANSFER OF UNITS; PREEMPTIVE RIGHTS 36 38 Section 10.01 Transfers by Members 36 38 Section 10.02 Permitted Transfers 37 39 Section 10.03 Restricted Units Legend 37 39 Section 10.04 Transfer 38 40 Section 10.05 Assignee’s Rights 38 40 Section 10.06 Assignor’s Rights and Obligations 38 40 Section 10.07 Overriding Provisions 39 41 Section 10.08 Spousal Consent 40 42 Section 10.09 Drag-Along Rights 40 Tender Offers and Other Events with respect to the Corporation 42 Section 10.10 Call Right 43 Article XI. REDEMPTION AND EXCHANGE RIGHTS 41 44 Section 11.01 Redemption Right of a Member 4144 Section 11.02 Election and Contribution of the Corporation 48 Section 11.03 Exchange Right of the Corporation 48