Common use of Admission of a Transferee as a Member Clause in Contracts

Admission of a Transferee as a Member. A transferee of Units shall be admitted as a Member with respect thereto if the transferee complies with Section 9.2.

Appears in 1 contract

Samples: Operating Agreement

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Admission of a Transferee as a Member. A transferee of Units shall be ------------------------------------- admitted as a Member with respect thereto if the transferee (a) complies with Section 9.29.3 and is a Member or (b) is unanimously approved as a Substitute ----------- Member by the non-transferring Members.

Appears in 1 contract

Samples: Operating Agreement (Shiloh Industries Inc)

Admission of a Transferee as a Member. A transferee of Units shall be admitted as a Member with respect thereto to the transferred Units if the transferee transferee: (a) complies with Section 9.2.this Article 7; and

Appears in 1 contract

Samples: Operating Agreement

Admission of a Transferee as a Member. A transferee of Units shall be admitted as a Member with respect thereto if the transferee (a) complies with Section 9.210.3 and (b) is (i) a Member, (ii) a Related Person with respect to the Transferring Member, or (iii) unanimously approved as a Substitute Member by the non-transferring Members.

Appears in 1 contract

Samples: Operating Agreement (Asi Group LLC)

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Admission of a Transferee as a Member. A transferee of Units shall be admitted as a Member with respect thereto if the transferee (a) complies with Section 9.29.8 and (b) is (i) a Member, (ii) an Affiliate with respect to the Transferring Member, (iii) a person or entity receiving Units as permitted by Section 9.4(c), or (iv) unanimously approved as a substitute Member by the non-transferring Members.

Appears in 1 contract

Samples: Operating Agreement (John D. Oil & Gas Co)

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