Admission of New Shareholders. (a) New Shareholders, having been approved by the Directors, may be admitted from time to time (i) in connection with the issuance of Shares by the Company, subject to compliance with the provisions of Section 7.02(b) and Section 8.01(b), and (ii) in connection with a Transfer of Shares, subject to compliance with the provisions of ARTICLE VIII, and in either case, following compliance with the provisions of Section 4.01(b).
Admission of New Shareholders. No Person shall have the right to become a Shareholder unless and until all the following conditions are satisfied:
Admission of New Shareholders. New Class A Shareholders may be admitted from time to time by two-thirds (66%) vote (a “Supermajority Vote”) of the Board.
Admission of New Shareholders. At any time after the date of the formation of the Company, an Person, including a person who, by virtue of a Permitted Disposition becomes a holder of an Economic Interest in the Company (a "Permitted Transferee") may become a Shareholder if (a) such Person is approved in writing by Shareholders holding at least fifty percent (50%) of the outstanding Shares held by Shareholders. Upon the occurrence of (A) and (b) in the preceding sentence, such Person shall be admitted as a Shareholder of the Company by (i) executing a counterpart of this Agreement and (ii) if the Person is not a transferee in connection with a Permitted Disposition, the payment of a Capital Contribution in an amount determined by the Board of Managers and/or the payment of the purchase price of the stock to be issued, said price to be determined by the Board of Managers. Upon delivery to the Company of cash of such Capital Contribution, and/or purchase price the Company shall issue a certificate evidencing the number of Shares purchased in connection with the Shareholder Interest acquired by such Person. No additional Shareholders (or substitute Shareholders) shall be entitled to any retroactive allocation of losses, income or expense deductions incurred by the Company. The Board of Managers may, at the time of Shareholder is admitted, close the Company books (as though the Company's tax year had ended) or make pro rata allocations of loss, income, and expense deductions to a new Shareholder for that portion of the Company's tax year in which a Shareholder was admitted in accordance with the provisions of 706(d) of the Code and the Treasury Regulations promulgated thereunder.
Admission of New Shareholders. Any Person may be issued Shares in the Company upon the unanimous consent of the Shareholders and such Person shall be issued such Shares for such consideration as the Shareholders shall unanimously determine, subject to the terms and conditions of this Agreement. A new Shareholder shall not be admitted into the Company until the capital contribution required of such Person has been made, and such Person agrees in writing to be bound by the terms and provisions and to assume all obligations of and to be subject to all restrictions under this Agreement, including where reasonably required, such Person has executed a deed of accession to this Agreement. Upon admission the new Shareholder shall have all rights and duties of a Shareholder. The new Shareholder must pay any reasonable expenses in connection with admission as a new Shareholder.
Admission of New Shareholders. The shareholders may from time to time agree to admit third shareholders as additional shareholders in Nabas, provided that no person shall be entitled to be a shareholder in Nabas, unless and until that person has signed this agreement and has so bound himself to all the terms and conditions set out within this agreement.
Admission of New Shareholders. Except in the event of a Transfer of Shares permitted pursuant to Article 19, a new Shareholder of a JV Company may be admitted only with the prior unanimous written approval of the existing Shareholders of such JV Company upon the terms and conditions set forth in such approval. In the event of any new Shareholder (including a new Shareholder pursuant to a Transfer of Shares permitted pursuant to Article 19) the new Shareholder together with its Affiliates must:
Admission of New Shareholders. No new Shareholder shall be admitted (other than pursuant to Section 7.1), either by transfer of a portion of the Sole Shareholder's Shares or interest therein, or in any other manner, which causes the Company to have two or more Shareholders, until this Agreement has been amended to provide for such admission, including amendments relating to the governance of the Company, and providing for the allocation of Profits and Losses of the Company among the Sole Shareholders, and such amendment has been accepted by the existing Sole Shareholder and the New Sole Shareholder.
Admission of New Shareholders. At any time after the date of the formation of the Company, an Person, including a person who, by virtue of a Permitted Disposition becomes a holder of an Economic Interest in the Company (a "Permitted Transferee") may become a Shareholder if (a) such Person is approved in writing by all of the Managers and
Admission of New Shareholders. New Shareholders may not be admitted to the Company without the prior written consent of, and may be admitted only upon terms approved by, the Shareholder. Upon admission, new Shareholders shall sign and thereby become subject to an amended version of this Agreement approved by the Shareholder and containing provisions in accordance with the TBOC.
