Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted as a Member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s assets, and such other rights and obligations, as provided herein. (b) Without the consent of any Member or other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 18 contracts
Samples: Limited Liability Company Agreement (GE TF Trust), Limited Liability Company Agreement (GE TF Trust), Limited Liability Company Agreement (GE TF Trust)
Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted as a Member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s assets, and such other rights and obligations, as provided herein.
(b) Without the consent of any Member or other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, hereto and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (GECB Equipment Funding, LLC), Limited Liability Company Agreement (GE Equipment Midticket LLC, Series 2012-1), Limited Liability Company Agreement (GE Equipment Midticket LLC, Series 2012-1)
Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted as a Member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s 's assets, and such other rights and obligations, as provided herein.
(b) Without the consent of any Member or other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Cef Equipment Holding LLC), Limited Liability Company Agreement (GE Equipment Midticket LLC, Series 2006-1), Limited Liability Company Agreement (Cef Equipment Holding Ge Commerical Equip Fin Series 2004-1)
Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted continues as a Member member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s assets, and such other rights and obligations, as provided herein.
(b) Without The Board, without the consent of any the Member or any other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (SG Mortgage Securities, LLC), Limited Liability Company Agreement (SG Mortgage Securities, LLC)
Admission of Members. (a) By execution of this Agreement, the Initial Member is Members are hereby admitted as a Member members of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s assets, and such other rights and obligations, as provided herein. The Initial Members shall initially own such Membership Interests as are set forth opposite the names of the Initial Members on Schedule I hereto.
(b) Without the consent of any Member or other Person, the Manager The Initial Members may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, Company one or more additional Persons as Members only if such new Member (i) has delivered to the Initial Member Members its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member Members shall reasonably require to so admit such new Member to the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Higher Education Funding I), Limited Liability Company Agreement (Consolidation Loan Funding, LLC)
Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted as a Member member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s assets, and such other rights and obligations, as provided herein. The Initial Member shall initially own all of the Membership Interests.
(b) Without the consent of any The Initial Member or other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, Company one or more additional Persons as Members only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Goal Capital Funding, LLC), Limited Liability Company Agreement (Goal Capital Funding, LLC)
Admission of Members. (a) By execution of this the Original Agreement, the Initial Member is hereby admitted as a Member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s 's assets, and such other rights and obligations, as provided herein.
(b) Without the consent of any The Initial Member or other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cef Equipment Holding LLC)
Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted continues as a Member member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s 's assets, and such other rights and obligations, as provided herein.
(b) Without The Manager, without the consent of any the Member or any other Person, the Manager may cause the Company to issue additional Membership Interests Interests, other than the Variable Funding Certificates, and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cef Equipment Holding LLC)
Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted as a Member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s 's assets, and such other rights and obligations, as provided herein.
(b) Without the consent of any The Initial Member or other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cef Equipment Holding LLC)
Admission of Members. (a) By execution of this Agreement, the Initial Member is Members are hereby admitted as a Member Members of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s 's assets, and such other rights and obligations, as provided herein.
(b) Without the consent of any Member or other Person, the Manager The Initial Members may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member Members its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member Members shall reasonably require to so admit such new Member to the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (CDF Funding, Inc.)
Admission of Members. (a) By execution of this Agreement, the Initial Member is hereby admitted as a Member of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s assets, and such other rights and obligations, as provided herein.
(b) Without the consent of any The Initial Member or other Person, the Manager may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member shall reasonably require to so admit such new Member to the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (GECB Equipment Funding, LLC)
Admission of Members. (a) By execution of this Agreement, the Initial Member is Members are hereby admitted as a Member Members of the Company and shall have a Membership Interest in the Company including, without limitation, such rights in and to the profits and losses of the Company and rights to receive distributions of the Company’s 's assets, and such other rights and obligations, as provided herein.
(b) Without the consent of any Member or other Person, the Manager The Initial Members may cause the Company to issue additional Membership Interests and thereby admit a new Member or new Members, as the case may be, to the Company, only if such new Member (i) has delivered to the Initial Member Members its capital contribution, (ii) has agreed in writing to be bound by the terms of this Agreement by becoming a party hereto, and (iii) has delivered such additional documentation as the Initial Member Members shall reasonably require to so admit such new Member to the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Distribution Financial Services Floorplan Master Trust)