Common use of Admission of Transferees as Members Clause in Contracts

Admission of Transferees as Members. Unless otherwise indicated in writing at the time of any Transfer of an Interest, a transferee of an Interest (including a transferee by operation of law) shall be admitted to the Company as a substituted Member and shall be bound by the terms of this Agreement upon such transferee’s written notice to the Company at the address set forth in Section 1.4.

Appears in 6 contracts

Samples: Limited Liability Company Operating Agreement (Community Health Investment CORP), Limited Liability Company Operating Agreement (Community Health Investment CORP), Limited Liability Company Operating Agreement (Community Health Investment CORP)

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Admission of Transferees as Members. Unless otherwise indicated in writing at the time of any Transfer of an Interest, a transferee of an Interest (including a transferee by operation of law) shall be admitted to the Company as a substituted Member and shall be bound by the terms of this Agreement upon such transferee’s written notice to the Company at the address set forth specified in Section 1.4.

Appears in 4 contracts

Samples: Operating Agreement (Community Health Investment CORP), Operating Agreement (Community Health Investment CORP), Operating Agreement (Community Health Investment CORP)

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