Common use of Shareholders Clause in Contracts

Shareholders. (a) A Person shall be admitted as a Shareholder and shall, without further action, including execution of this Agreement, become a party to and become bound by the terms of this Agreement if such Person purchases or otherwise lawfully acquires any Shares to the fullest extent permitted by law. A Person may become a Record Holder without the consent or approval of any of the Shareholders. A Person may not become a Shareholder without acquiring one or more Shares.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC)

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Shareholders. (a) A Person shall automatically be admitted as a Shareholder and shall, without further action, including execution of this Agreement, become a party to and shall become bound by the terms of this Agreement if such Person purchases or otherwise lawfully acquires (whether from the Company, any Shares Shareholder or otherwise) any Share. Any Person admitted to the fullest extent permitted Company as a Shareholder shall be deemed to agree to be bound by laweach provision of this Agreement. A Person may become a Record Holder Shareholder without the consent or approval of any of the Shareholders. A Person may not become a Shareholder without acquiring one or more Sharesa Share.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (MDB Capital Holdings, LLC), Limited Liability Company Agreement (Cifc LLC), Limited Liability Company Agreement (JMP Group LLC)

Shareholders. (a) A Person shall be admitted as a Shareholder and shall, without further action, including execution of this Agreement, become a party to and shall become bound by the terms of this Agreement as a Member of the Company if such Person purchases or otherwise lawfully acquires any Shares to Share in accordance with the fullest extent permitted by lawprovisions of §§2 and 8 hereof. A Person may become a Record Holder Shareholder without the consent or approval of any of the Shareholders. A Person may not become a Shareholder without acquiring one or more Shares.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (REI Capital Growth LLC)

Shareholders. (a) A Person shall be admitted as a Shareholder and shallshall automatically become bound by the terms, without further actionrestrictions, including execution duties, obligations and conditions of this Agreement immediately upon such Person’s purchase or other acquisition of any Share in accordance with the terms and conditions of this Agreement, become a party to and become bound by the terms of this Agreement if without any requirement that such Person purchases or otherwise lawfully acquires any Shares to the fullest extent permitted by lawexecute this Agreement. A Person may become a Record Holder Shareholder without the consent or approval of any of the Shareholders. A Person may not become a Shareholder without acquiring one or more Sharesa Share.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Global Indemnity Group, LLC)

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Shareholders. (a) A Person shall be admitted as a Shareholder and shall, without further action, including execution of this Agreement, become a party to and shall become bound by the terms of this Agreement as a Member of the Company, if such Person purchases or otherwise lawfully acquires any Shares to Share in accordance with the fullest extent permitted by lawprovisions of §§2 and 8 hereof. A Person may become a Record Holder Shareholder without the consent or approval of any of the Shareholders. A Person may not become a Shareholder without acquiring one or more Shares.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (REI Capital Growth LLC)

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