Common use of Admission as Substituted Member Clause in Contracts

Admission as Substituted Member. As of the date hereof, and subject to the terms and conditions of this Assignment, Assignee shall become a substituted member in Demonsaw with respect to the Membership Interest in compliance with the terms of the Operating Agreement.

Appears in 1 contract

Samples: Demonsaw LLC Membership Interest Purchase Agreement (MGT Capital Investments Inc)

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Admission as Substituted Member. As of the date hereof, and subject to the terms and conditions of this Assignment, Assignee shall become a substituted member in Demonsaw Equachem with respect to the Membership Interest in compliance with the terms of the Operating Agreement.

Appears in 1 contract

Samples: LLC Membership Interest Purchase Agreement (Biozone Pharmaceuticals, Inc.)

Admission as Substituted Member. As of the date hereof, and subject to the terms and conditions of this Assignment, Assignee shall become a substituted member in Demonsaw the Company with respect to the Membership Assigned Interest in compliance with the terms of the Operating Agreement.

Appears in 1 contract

Samples: Assignment of Membership Interest and Agreement (Crescent Operating Inc)

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Admission as Substituted Member. As of the date hereof, and subject to the terms and conditions of this Assignment, Assignee shall become a substituted member in Demonsaw Equalan with respect to the Membership Interest in compliance with the terms of the Operating Agreement.

Appears in 1 contract

Samples: LLC Membership Interest Purchase Agreement (Biozone Pharmaceuticals, Inc.)

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