Common use of Admission of Additional Members Clause in Contracts

Admission of Additional Members. Pursuant to Section 18-2035 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Admission of Additional Members. Pursuant to Section 18-2035 605.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 of the Act and this Agreement, new Additional Members may only be admitted to the Company through issuance of a new interest in the Company with the unanimous written consent of the Members or the transfer of the a Member’s current interest under in accordance with Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) mustmay be required to: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and a majority of the Membercurrent membership interests). Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its MemberMembers.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 86.326 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 10.50.155 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 402 and 602 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 1706.27 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 1800-2035 00-000 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 18Sections 00-2035 00-000 and 14-11- 505 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 1829-2035 3401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 1817-2035 7686 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 1810-2035 1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Admission of Additional Members. Pursuant to Section 1800-2035 000-000 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 63.130 and 63.245 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 4051 of the Act Statutes and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 23-18-2035 6-1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1853-2035 19-36 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 15114(A) of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1810-2035 32.1-27 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 17704.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with unanimous written consent of the Members or the transfer of the a Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and a majority of the Membercurrent membership interests). Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its MemberMembers.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 of the Act and this Agreement, new Additional Members may only be admitted to the Company through issuance of a new interest in the Company with the unanimous written consent of the Member or the transfer of the Member’s current interest under in accordance with Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) mustmay be required to: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and a majority of the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Membercurrent membership interests).

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 29–804.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1821-2035 130 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1853-2035 19-36 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 25.15.116 of the Act Code and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 10A-5A-4.01 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 1706.27 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1813.1-2035 1038.1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1800-2035 00-000 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1834-2035 255 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 63.130 and 63.245 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 605.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 187-2035 80-701 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 20 and 41 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 42:2C-31 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 3968 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 15114(A) of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1813.1-2035 1038.1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18428-2035 404 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1817-2035 7686 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18Sections 00-2035 00-000 and 14-11- 505 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 12:1318 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 10A-5A-4.01 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1800-2035 00-000 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 402 and 602 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18Sections 35-2035 8-307, 35-8-703, and 35-8-707 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 301 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 25.15.116 of the Act Code and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1810-2035 1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 8841 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 187-2035 16-36 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 301 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 29–804.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

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Admission of Additional Members. Pursuant to Section 18-2035 322C.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18Sections 35-2035 8-307, 35-8-703, and 35-8-707 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 347.079 and 347.113 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 450.4501 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 187-2035 80-701 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 275.175 and 275.275 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 17704.01 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 184-2035 38-401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 12:1318 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 4051 of the Act Statutes and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 10.50.155 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 1551 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 86.326 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 275.175 and 275.275 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 187-2035 80-701 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18Sections 57D-3-2035 01 and 57D-3-03 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18Sections 00-2035 00-000 and 14-11505 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution ,as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1800-2035 00-000 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 489.401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 63.130 and 63.245 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member. ARTICLE 2‌ Capital Contributions

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 183.0801 of the Act Law and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 184-2035 38-401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1834-2035 255 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 23-18-2035 6-1 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1800-2035 00-000 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: : (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 347.079 and 347.113 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 Sections 20 and 41 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1829-2035 3401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 322C.0401 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18428-2035 404 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 of the Act and this Agreement, new Additional Members may only be admitted to the Company through issuance of a new interest in the Company with the unanimous written consent of the Member or the transfer of the Member’s current interest under in accordance with Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) mustmay be required to: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and a majority of the Membercurrent membership interests). Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 1800-2035 00-000 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII 7 will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 1551 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company with written consent of the Member or the transfer of the Member’s current interest under Article 7VII. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 301 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

Admission of Additional Members. Pursuant to Section 18-2035 42:2C-31 of the Act and this Agreement, new Members may only be admitted to the Company through issuance of a new interest in the Company or the transfer of the Member’s current interest under Article 7. Prior to being admitted as a new Member, the prospective Member(s) must: (i) provide evidence to the Company that the admission of the prospective Member(s) will not violate any securities law, alter the tax status of the Company, or cause the termination of the Company; (ii) provide proof that the prospective Member(s) can make the initial contribution, contribution (as agreed upon between the prospective Member(s) and the Member. Any attempt to admit a new Member that deviates from this Section or Article VII will be null, void, and unenforceable against the Company or its Member.

Appears in 1 contract

Samples: Operating Agreement

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