Admission of Transferee as a Member. Any Transferee in a Transfer permitted under Section 9.2 shall be admitted to the Company as a Member, with the Membership Interest so transferred to such Transferee, to the extent that (a) the Transferring Member making the Transfer has granted the Transferee the Transferring Member’s entire Membership Interest, or, in the case of Transfer of a part of such Member’s Membership Interest, the express right to be so admitted as a Member and (b) such Transfer is effected in strict compliance with Section 9.3.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Clearway Energy LLC), Limited Liability Company Agreement (Clearway Energy, Inc.), Limited Liability Company Agreement (Clearway Energy, Inc.)
Admission of Transferee as a Member. Any A Transferee in a Transfer permitted under Section 9.2 shall has the right to be admitted to the Company as a Member, with the Membership Interest so transferred to such Transferee, to the extent that only if (aA) the Transferring Member making the Transfer has granted the Transferee the Transferring Member’s entire Membership Interest, or, in the case of Transfer of a part of such Member’s Membership Interest, the express right to be so admitted as a Member admitted; and (bB) such Transfer is effected in strict compliance with this Section 9.39.1.
Appears in 7 contracts
Samples: Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp), Operating Agreement (Bloom Energy Corp)
Admission of Transferee as a Member. Any Upon compliance with the provisions of this Section 9.02(b) and the other provisions of Article 9, a Transferee in a Transfer permitted under Section 9.2 shall has the right to be admitted to the Company as a Member (in such capacity, a “Substituted Member”), with the Disposed Membership Interest so transferred to such Transferee, to the extent that (a) the Transferring Member making the Transfer has granted the Transferee the Transferring Member’s entire Membership Interest, or, in the case of Transfer of a part of such Member’s Membership Interest, the express right to be so admitted as a Member and (b) such Transfer is effected in strict compliance with Section 9.3.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Enterprise Products Partners L P), Limited Liability Company Agreement (Enterprise Products Partners L P)
Admission of Transferee as a Member. Any Upon compliance with the provisions of this Section 9.02(b) and the other provisions of Article 9, a Transferee in a Transfer permitted under Section 9.2 shall has the right to be admitted to the Company as a MemberMember (in such capacity, a "SUBSTITUTED MEMBER"), with the Disposed Membership Interest so transferred to such Transferee, to the extent that (a) the Transferring Member making the Transfer has granted the Transferee the Transferring Member’s entire Membership Interest, or, in the case of Transfer of a part of such Member’s Membership Interest, the express right to be so admitted as a Member and (b) such Transfer is effected in strict compliance with Section 9.3.
Appears in 1 contract
