Common use of Admission of New Members Clause in Contracts

Admission of New Members. No person or entity shall be admitted as a new Member of the LLC except with the consent of the Original Member, issuance of a new interest in the Company and/or a sale of a current percentage of the Original Member’s interest.

Appears in 73 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Admission of New Members. No person or entity shall be admitted as a new Member of the LLC except with the consent of the Original MemberMember(s), issuance of a new interest in the Company and/or a sale of a current percentage of the Original Member’s interest.

Appears in 1 contract

Samples: LLC Operating Agreement

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