Common use of Admission of Transferee as a Member Clause in Contracts

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.

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.

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, ’s 1. Any Transferee that has acquired all of the express right to be so admitted as a Member and (b) such Transfer is effected Class B Units then held by the Class B Equity Investor in strict compliance with the provisions of this Section 9.39.1 shall become the replacement Managing Member.