Admission of Additional Shareholders. 1.1. Notwithstanding anything contained in this Agreement to the contrary, this Agreement shall not be amended to include any additional shareholders without the prior written consent of AAMC at its sole discretion. The Company may not grant rights to any shareholder that are substantially similar to the rights granted to the Shareholders under this Agreement.
Admission of Additional Shareholders. One or more additional persons or entities may be admitted as a Shareholder of the Company with the consent of all the Shareholders and in accordance with the provisions set out in this Agreement. 21.
Admission of Additional Shareholders. (a) A Person (other than an existing Shareholder) who makes a Capital Contribution to the Company in exchange for Shares and in accordance with this Agreement shall be admitted to the Company as an Additional Shareholder only in compliance with Section 4.2 and upon furnishing to the Board (i) evidence of acceptance, in form and substance satisfactory to the Board, of all of the terms and conditions of this Agreement, (ii) a counterpart signature page to this Agreement executed by such Person and (iii) such other documents or instruments as may be required in the sole and absolute discretion of the Board in order to effect such Person’s admission as an Additional Shareholder. Concurrently with, and as evidence of, the admission of an Additional Shareholder, the Board shall amend Exhibit A and the books and records of the Company to reflect the name, address and number of Shares of such Additional Shareholder.
(b) Notwithstanding anything to the contrary in this Section 12.1, no Person shall be admitted as an Additional Shareholder without the consent of the Board, which consent may be given or withheld in the Board’s sole and absolute discretion. The admission of any Person as an Additional Shareholder shall become effective on the date upon which the name of such Person is recorded on the books and records of the Company, following the consent of the Board to such admission and the satisfaction of all the conditions set forth in Section 12.1(a).
(c) If any Additional Shareholder is admitted to the Company on any day other than the first day of a Company Year, then Net Income, Net Losses, each item thereof and all other items of income, gain, loss, deduction and credit allocable among Holders for such Company Year shall be allocated among such Additional Shareholder and all other Holders by taking into account their varying interests during the Company Year in accordance with Code Section 706(d), using the “interim closing of the books” method or another permissible method selected by the Board. All distributions of Available Cash with respect to which the Company Record Date is before the date of such admission shall be made solely to Shareholders and Assignees other than the Additional Shareholder, and all distributions of Available Cash thereafter shall be made to all the Shareholders and Assignees including such Additional Shareholder.
Admission of Additional Shareholders. One or more Additional Shareholders of the Company may be admitted to the Company with the written consent of the Shareholder and upon such terms and conditions as the Shareholder may specify.
Admission of Additional Shareholders. The Manager may permit the admission of Additional Shareholders and determine the Capital Contributions of such Shareholders. No Person shall be admitted as an Additional Shareholder without executing and delivering to the Company an Admission Agreement or such other form of agreement as is satisfactory to the Manager.
Admission of Additional Shareholders. A Person may at any ------------------------------------ time be admitted as a Shareholder with the approval of the President, and the number and Series of Shares to be to be issued to such Shareholder, Capital Contribution required of any such Shareholder as a condition of admission, any other conditions required to be satisfied prior to the admission of such Person as a Shareholder, shall be as determined by the President. Upon the admission of any additional Shareholder as provided herein, the Share Ledger shall be amended in all appropriate respects to reflect such admission.
Admission of Additional Shareholders. A Person shall become an Additional Shareholder pursuant to the terms of this Agreement only if and when each of the following conditions is satisfied:
(a) the Board consents in writing to such admission in its sole discretion;
(b) the Board, in its sole discretion subject to Section 5.1(e), determines the nature and amount of the Share Consideration to be paid by such Person;
(c) the Board, in its sole discretion, has received, on behalf of the Company, such Person’s Share Consideration payable to the Company; and
(d) the Board receives written instruments (including such Person’s consent to be bound by this Agreement as a Shareholder) that are in a form satisfactory to the Board in its sole discretion.
Admission of Additional Shareholders. Subject to the terms of this Agreement, any Person acceptable to the Board may become an Additional Shareholder of the Company by the purchase of new Shares for such consideration as the Board shall determine in accordance with the terms of this Agreement. Each Additional Shareholder shall: (i) agree to be bound by the provisions of this Agreement; (ii) execute and deliver such documents as the Board deem appropriate in connection therewith; and (iii) contribute to the Company the agreed upon Capital Contribution in exchange for the Shares purchased by such Additional Shareholder.
Admission of Additional Shareholders. Additional Shareholders may be admitted as Shareholders from time to time by approval of the majority of the Board ("Additional Shareholders"). Any Additional Shareholder that is (i) admitted as a Shareholder as a result of a permitted transfer described in Section 9.1 where the transferee was not a Shareholder immediately before the transfer, or (ii) makes a capital contribution in exchange for one or more Shares and was not, immediately before such capital contribution, a Shareholder, must execute one or (if requested by the Company) more counterparts of this Agreement. The admission of an Additional Shareholder pursuant to this Section 9.2 shall be effective as of the date such Additional Shareholder executes a counterpart signature page to this Agreement. In the event that a Shareholder transfers all of Shares pursuant to Section 9., the admission of the transferee as a Shareholder shall be deemed to occur immediately prior such transfer, and immediately following such admission, the transferor Shareholder shall cease to be a member of the Company.
Admission of Additional Shareholders
