Common use of Admission of Substitute Members Clause in Contracts

Admission of Substitute Members. An Assignee of a Membership Interest shall be admitted as a Substitute Member, to all the rights of the Member who initially assigned the Membership Interest, only with the approval, which may be withheld in their sole and absolute discretion, of a Majority of the Remaining Members. If so admitted, the Substitute Member shall have all the rights and powers and be subject to all the restrictions and liabilities of the Member originally holding the Membership Interest. The admission of a Substitute Member, without more, shall not release the Member originally holding the Membership Interest from any liability to the Company that may have existed prior to the approval.

Admission of Substitute Members. An Assignee of a Membership Interest shall be admitted as a Substitute Member, Member and admitted to all the rights of the Member who initially assigned the Membership Interest, only with . The Remaining Member-Managers may grant or withhold the approval, which may be withheld approval for such admission for any reason in their sole and absolute discretion, of a Majority of the Remaining Members. If so admitted, the Substitute Member shall have has all the rights and powers and be is subject to all the restrictions and liabilities of the Member originally holding assigning the Membership Interest. The admission of a Substitute Member, without more, shall not release the Member originally holding assigning the Membership Interest from any liability to the Company that may have existed prior to the approval.

Admission of Substitute Members. An Assignee of a Membership Interest shall be admitted as a Substitute Member, Member and admitted to all the rights of the Member who initially assigned the Membership Interest, Interest only with the approval, which unanimous approval of the Members. The Members may be withheld grant or withhold the approval of such admission in their sole and absolute discretion, of a Majority of the Remaining Members. If so admitted, the Substitute Member shall have has all the rights and powers and be is subject to all the restrictions and liabilities of the Member originally holding assigning the Membership Interest. The admission of a Substitute Member, without more, shall not release the Member originally holding assigning the Membership Interest from any liability to the Company that may have existed prior to the approval.

Admission of Substitute Members. An The Assignee of a Membership Interest shall be admitted as a Substitute Member, Member and admitted to all of the rights of the Member member who initially assigned the Membership Interest, Interest only with the approval, which unanimous approval of the Members. The Members may be withheld grant or withhold approval of admission in their sole and whole or absolute discretion, of a Majority of the Remaining Members. If so admitted, the Substitute Member shall have all the rights and powers and shall be subject to all the restrictions and liabilities of the Member originally holding assigning the Membership Interest. The admission of a Substitute Member, without more, member shall not release the Member originally holding member assigning the Membership Interest Interest, from any liability to the Company that may have existed prior to the approval.

Admission of Substitute Members. An Assignee of a Membership Interest shall be admitted as a Substitute Member, Member and admitted to all of the rights of the Member who initially assigned the Membership Interest, Interest only with the approval, which approval of the Manager. The Manager may be withheld grant or withhold approval in their the sole and absolute discretion, of a Majority discretion of the Remaining MembersManager. If so admitted, the Substitute Member shall have has all the rights and powers and be is subject to all the restrictions and liabilities of the Member originally holding assigning the Membership Interest. The admission of a Substitute Member, without more, shall not release the Member originally holding assigning the Membership Interest Interests from any liability to the Company that may have existed prior to the approval.

Admission of Substitute Members. An Assignee of a Membership Interest shall be admitted as a Substitute Member, Member and admitted to all the rights of the Member who initially assigned the Membership Interest, Interest only with the approval, which unanimous approval of the Members. The Members may be withheld grant or withhold the approval of such admission in their sole and absolute discretion, of a Majority of the Remaining Members. If so admitted, the Substitute Member shall have has all the rights and powers and be is subject to all the restrictions and liabilities of the Member originally holding assigning the Membership Interest. The admission of a Substitute Member, without more, shall not release the Member originally holding assigning the Membership Interest from any liability to the Company that may have existed prior to the approval.

Admission of Substitute Members. An Except as otherwise provided in Section 12.2, an Assignee of a Membership Interest shall be admitted as a Substitute Member, Member and admitted to all of the rights of the Member who initially assigned the Membership Interest, Interest only with the approval, which approval of the Manager. The Manager may be withheld grant or withhold approval in their the sole and absolute discretion, of a Majority discretion of the Remaining MembersManager. If so admitted, the Substitute Member shall have has all the rights and powers and be is subject to all the restrictions and liabilities of the Member originally holding assigning the Membership Interest. The admission of a Substitute Member, without more, shall not release the Member originally holding assigning the Membership Interest Interests from any liability to the Company that may have existed prior to the approval.