Common use of Rights of Additional or Substitute Members Clause in Contracts

Rights of Additional or Substitute Members. A Person admitted as an additional or substitute Member has all the rights and powers, and is subject to all the restrictions and obligations of a Member under this Agreement and the Act.

Appears in 28 contracts

Sources: Limited Liability Company Operating Agreement (PFG Fund V, LLC), Limited Liability Company Operating Agreement (Circle of Wealth Fund III LLC), Limited Liability Company Operating Agreement (PFG Fund V, LLC)

Rights of Additional or Substitute Members. A Person admitted as an additional or substitute Member has all the rights and powers, and is subject to all the restrictions and obligations obligations, of a Member under this Agreement and the Act.. LIMITED LIABILITY COMPANY OPERATING AGREEMENT FORTE INVESTMENT FUND, LLC

Appears in 4 contracts

Sources: Limited Liability Company Operating Agreement (Forte Investment Fund, LLC), Limited Liability Company Operating Agreement (Forte Investment Fund, LLC), Limited Liability Company Operating Agreement (Forte Investment Fund, LLC)

Rights of Additional or Substitute Members. A Person admitted as an additional or substitute Member has all the rights and powers, powers and is subject to all the restrictions and obligations of a Member under this Agreement and the Act.

Appears in 4 contracts

Sources: Operating Agreement, Operating Agreement (Huntsman Polymers Corp), Operating Agreement (Energius Management LLC)

Rights of Additional or Substitute Members. A Person admitted as an additional or substitute Member has all the rights and powers, and is subject to all the restrictions and obligations obligations, of a Member under this Agreement and the Act.

Appears in 3 contracts

Sources: Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC)

Rights of Additional or Substitute Members. A Person person admitted as an additional or substitute Member has all the rights and powers, powers and is subject to all the restrictions and obligations of a Member under this Agreement and the Act.

Appears in 1 contract

Sources: Operating Agreement