Admission of Assignees as Members. The Company may, from time to time, admit Assignees of Units from Members as Additional Members, with consent from the Manager.
Admission of Assignees as Members. Subject to the other provisions of this Section 9, a transferee of an Interest may be admitted to the Company as a Substituted Member only upon satisfaction of the conditions set forth below:
Admission of Assignees as Members. Except as provided in Sections 11.3 and 12.1, an assignee shall be admitted as a Member only upon the unanimous written consent of all the Members. As a condition of such consent, the Members may require a substitute Member to comply with the following requirements: (i) the assignment instrument being in form and substance satisfactory to the Majority Interest and the Company's counsel; (ii) the assignor and assignee named therein having executed and acknowledged such other instrument or instruments as the Majority Interest may deem necessary or desirable to effectuate such admission; (iii) the assignee having accepted and adopted all of the terms and provisions of the Agreement, as the same may have been amended, as if the assignee were a party who joined in the execution of this Agreement; and (iv) such assignee having paid or acknowledged an obligation to pay, as the Majority Interest may determine, all reasonable expenses (including attorneys' fees) connected with such admission. If admitted, the substitute Member has, to the extent assigned, all of the rights and powers, and is subject to all the restrictions and liabilities of a Member.
Admission of Assignees as Members. Except as provided in Sections 11.3 and 12.1, an assignee shall be admitted as a Member only upon the unanimous written consent of all the Members. As a condition of such consent, the Members may require a substitute Member to comply with the following requirements: (i) the assignment instrument being in form and substance satisfactory to the Majority Interest and the Company's counsel; (ii) the assignor and assignee named therein having executed and acknowledged such other instrument or
Admission of Assignees as Members. A transferee of a Member’s Interest pursuant to this Article VII shall become a substituted Member only with the consent of the Board. No Person taking or acquiring, by whatever means, the Interest of any Member in the LLC shall be admitted as a Member unless such Person:
Admission of Assignees as Members. Subject to the other provisions of this Article VIII, a transferee of all or any portion of an Interest may be admitted to the Venture as a Member (a "Substituted Member") only upon satisfaction of the following conditions:
Admission of Assignees as Members. An assignee (other than Permitted Transferees (as defined in the Equityholders Agreement, who shall automatically be admitted) shall not be admitted as a Member unless such admission is approved by Members owning at least 85% of the total Membership Percentages (unless the Member is an assignee of an interest for which Paribas declined to exercise its right of first refusal, in which case the assignee may be admitted with the approval of the Management Committee). Such consent may be withheld in each Member's sole discretion. The Members may require a substitute Member to pay the legal and other costs incurred by the Company in effecting his admission. If admitted, the substitute Member has, to the extent assigned, all of the rights and powers, and is subject to all the restrictions and liabilities of a
Admission of Assignees as Members. Subject to Section 7.7, no Person taking or acquiring, by whatever means, the Interest of any Member in the LLC shall be admitted as a Member without the consent of the Board (acting by unanimous vote). The giving or withholding of such consent shall be in the sole, absolute and arbitrary discretion of each Manager. In addition, no Person shall be admitted as a Member unless such Person:
Admission of Assignees as Members. An assignee shall not be admitted as a member unless a majority of the managers consent thereto in writing. Such consent may be withheld in the managers’ sole discretion. As a condition of such consent, the managers may require a substitute member to pay the legal and other costs incurred by the company in effecting his admission.
Admission of Assignees as Members. An assignee under this Section 6 shall be admitted as a Member only upon the unanimous written consent of all the Members. As a condition of such consent, the Members may require a substitute Member to comply with the following requirements: (i) the assignment instrument being in form and substance satisfactory to the Members and the Company's counsel; (ii) the assignor and assignee named therein having executed and acknowledged such other instrument or instruments as the Members may deem necessary or desirable to effectuate such admission; (iii) the assignment having accepted and adopted all of the terms and provisions of the Agreement, as the same may have been amended, as if the assignee were a party who joined in the execution of this Agreement; and (iv) such assignee having paid or acknowledged an obligation to pay, as the Members may determine, all reasonable expenses (including attorneys' fees) connected with such admission. If admitted, the substitute Member has, to the extent assigned, all of the rights and powers (including voting rights), and is subject to all the restrictions and liabilities of a Member.
