Common use of Admission of Transferee Clause in Contracts

Admission of Transferee. A person who acquires any LLC Interest or any part thereof shall be admitted as a Member of the LLC, with all the rights, duties and obligations accompanying such membership pursuant to this Agreement and Delaware law, immediately upon binding himself to this Agreement by executing the same or a counterpart hereof.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Yeah Iptv), Limited Liability Company Agreement (Yeah Iptv)

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Admission of Transferee. A person who acquires any LLC Interest or any part thereof Interests shall be admitted as a Member of the LLC, with all the rights, duties and obligations accompanying such membership pursuant to this Agreement and Delaware law, immediately upon binding himself to this Agreement by executing the same or a counterpart hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cablevision Systems Corp /Ny)

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