The majority of LLC by-articles distinguish between the rights of members and the interests of members. The main difference is that the transferable interest of the member often includes only the right to participate in financial interests and other distributions, as well as a share of profits or losses. You do not have the right to participate in control and administration. Each member of ___________,___ Each member also agrees that the assignee is now a member of ____ and that the assignee retains no additional interest in ___ (“EXCO”) and BG US Production Company, LLC (BG), dated May 9, 2010 and amended by these parties pursuant to this specific correspondence agreement of June 1, 2010 (as amended, MITA). Pursuant to section 12.1(a) of MITA, BG filed a communication on June 18, 2010, regarding the extension of the post-closing Environmental Defect Claim Date (a “Notice of Extension”). On June 24, 2010, EXCO sent a communication rejecting the notice of extension and proposed that the parties resolve their disputes through certain amendments to MITA. . . .