Admission of Additional Member. One (1) or more additional Members of the Company may be admitted to the Company with the written consent of the Member.
Admission of Additional Member. One or more additional members of the Company may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional member of the Company, the Member will amend this Agreement to make such changes as the Member determines necessary or desirable to reflect the fact that the Company will have more than one member. Each additional member will execute and deliver an amendment, supplement or counterpart to this Agreement, as necessary.
Admission of Additional Member. As provided in the Articles and in conformity with Paragraph 2.1, the Member may admit to the Company an additional Member or Members who will participate in the profits, losses, available cash flow, and ownership of the assets of the Company on such terms as are determined by the Member. Admission of any person as an additional Member shall in all events require a new Operating Agreement to be signed by the Member and any such additional Member or Members. The Member acknowledges that the admission of one or more additional Members may result in adverse federal and/or state tax consequences.
Admission of Additional Member. A third party may be admitted as an Additional Member as provided herein in Article 3.5. Notwithstanding the foregoing, a third party shall not become an Additional Member unless and until such party becomes a party to this Agreement. Any Additional Member who becomes a Member shall be reflected on a revised Exhibit A that will be attached to this Agreement.
Admission of Additional Member. One (1) or more additional members of the Company may be admitted to the Company with the written consent of all persons who are then members and upon the additional member’s execution of a Joinder and Signature Page, substantially in the form as attached as Exhibit A to this Agreement, signifying the additional member’s agreement to be bound by the terms and conditions of this Agreement.
Admission of Additional Member. Additional Units may be authorized and issued by the Company upon such terms and conditions as may be approved by a majority vote of the Members. Upon the proposed issuance of any such additional Units, each existing Member shall have the preemptive right, but not the obligation, to purchase such portion of the newly issued Units as the ratio of the number of Units then held by such Member bears to the total number of Units held by Members and outstanding, before the Issuance of the new Units, together with such Member’s proportionate share of the other newly issued Units as to which other Members fail to exercise their preemptive rights.
Admission of Additional Member. As provided in the Articles, (i) Members may admit to Company additional Member(s) who will participate in the profits, losses, available cash flow, and ownership of the assets of Company on such terms as are determined by all Members; (ii) admission of any such additional Member(s) shall require the written consent of all Members then having any Interest in Company, which may be granted or withheld in the sole and absolute discretion of each Member; and (iii) admission of such additional Member(s) may result in a dilution of the Percentage Interests of the then Members.
Admission of Additional Member. A person shall be admitted as an additional member of the Company if, and only if (a) the Manger(s) unanimously consent to the admission of such person as an additional member of the Company; and (b) such person agrees to be bound by the terns and provisions of this Agreement by acceptance of a certificate representing one or more capital units registered in their name on the books and records of the Company.
Admission of Additional Member. No additional members of the Company may be admitted to the Company without the prior written approval of the Member. In connection with any such admission, this Agreement shall be amended to reflect the fact that the Company will have more than one member.
