Common use of Rights of Assignees Clause in Contracts

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 is admitted to the Company as a substitute Member pursuant to Section 9.4, such transferee will be only a Holder of an Economic Interest; provided, however, that a Permitted Transferee will automatically become a substitute Member.

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 Section 8.1 is admitted to the Company as a substitute Member pursuant to Section 9.48.3, such transferee will shall be only a Holder of an Economic Interest; provided, however, that a Permitted Transferee will shall automatically become a substitute MemberMember effective upon such Transfer.

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 Section 8.1 is admitted to the Company as a substitute Member pursuant to Section 9.48.3, such transferee will shall be only a Holder of an Economic Interest; provided, ,however, that a Permitted Transferee will shall automatically become a substitute MemberMember effective upon such Transfer.

Rights of Assignees. Until such time, if any, as a transferee of any Transfer under Sections 9.1 or 9.2 permitted by this ARTICLE 8 is admitted to the Company as a substitute Member pursuant to Section 9.48.10, such transferee will be deemed only a Holder of an Assignee holding an Economic Interest; provided, however, that a Permitted Transferee will automatically become a substitute MemberMember upon the execution of an instrument satisfactory to the entire Board of Managers accepting and adopting the terms and provisions of this Agreement.