Acceptance of Prior Acts. A Transferee of the Membership Interest of a Member who is admitted to the Company in place and stead of a Member accepts, ratifies and agrees to be bound by all actions duly taken pursuant to the terms and provisions of this Agreement and the Call Option by the Company prior to the date it was admitted to the Company and, without limiting the generality of the foregoing, specifically ratifies and approves all agreements and other instruments as may have been executed and delivered on behalf of the Company prior to such date and which are in force and effect on such date.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Gmac LLC), Limited Liability Company Operating Agreement (Gmac LLC)
Acceptance of Prior Acts. A Transferee of the Membership Interest of a Member who is admitted to the Company LLP in place and stead of a Member accepts, ratifies and agrees to be bound by all actions duly taken pursuant to the terms and provisions of this Agreement and the Call Option by the Company LLP prior to the date it was admitted to the Company LLP and, without limiting limiting, the generality of the foregoing, specifically ratifies and approves all agreements and other instruments as may have been executed and delivered on behalf of the Company LLP prior to such date and which are in force and effect on such date.
Appears in 3 contracts
Samples: Limited Liability Partnership Agreement, Limited Liability Partnership Agreement (Delphi Trade Management, LLC), Limited Liability Partnership Agreement (Delphi Automotive PLC)
