Admission of Interest Holders as Members. Subject to the other provisions of this Section 5.1, a transferee of a Membership Interest may be admitted to the Company as a substituted Member only upon satisfaction of the following conditions:
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Moody National REIT I, Inc.), Limited Liability Company Operating Agreement (Moody National REIT I, Inc.), Limited Liability Company Operating Agreement (Moody National REIT I, Inc.)
Admission of Interest Holders as Members. Subject to the other provisions of this Section 5.1, a transferee of a Membership Interest Units may be admitted to the Company as a substituted Member only upon satisfaction of the following conditions:
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Renal Care Group Inc), Limited Liability Company Operating Agreement (Ebank Financial Services Inc), Limited Liability Company Agreement (Renal Care Group Inc)
