Common use of Admission of a Member Clause in Contracts

Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members’ Capital Contributions to the Company to reflect the admission of those persons to the Company as a Member.

Appears in 5 contracts

Samples: Note, Limited Liability Company Agreement, Limited Liability Company Agreement

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Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members’ Capital Contributions to the Company to reflect the admission of those persons to Persons as Members of the Company as a MemberCompany.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (MCI Income Fund VII, LLC), Limited Liability Company Agreement (MCI Income Fund VII, LLC), Limited Liability Company Agreement (MCI Income Fund V, LLC)

Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members' Capital Contributions to the Company to reflect the admission of those persons to the Company as a MemberMembers.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Terra Secured Income Fund 5, LLC), Operating Agreement (NNN 2002 Value Fund LLC), Operating Agreement (NNN 2002 Value Fund LLC)

Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members’ Capital Contributions to the Company Fund to reflect the admission of those persons to the Company Fund as a MemberMembers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Operating Agreement

Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members’ Capital Contributions to the Company to reflect the admission of those persons to the Company as a MemberMembers.

Appears in 1 contract

Samples: Operating Agreement (T Reit Inc)

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Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members' Capital Contributions to the Company to reflect the admission of those persons to as Members of the Company as a MemberCompany.

Appears in 1 contract

Samples: Operating Agreement (NNN 2003 Value Fund LLC)

Admission of a Member. To the extent required by law, the --------------------- Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members' Capital Contributions to the Company to reflect the admission of those persons to the Company as a Member.

Appears in 1 contract

Samples: Operating Agreement (T Reit Inc)

Admission of a Member. To the extent required by law, the Manager shall amend this Agreement and take such other action as the Manager deems necessary or appropriate promptly after receipt of the Members’ Capital Contributions to the Company to reflect the admission of those persons to the Company as a Member.Members. 3.1.10

Appears in 1 contract

Samples: Operating Agreement

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