Admission of Transferees as Members. Subject to the other provisions of this Article, a transferee of a Membership Interest may be admitted to the Company as a Substituted Member only upon satisfaction of all of the following conditions:
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Magellan Petroleum Corp /De/)
Admission of Transferees as Members. Subject to the other provisions of this ArticleSection 9, a transferee of a Membership an Interest in the Company may be admitted to the Company as a Substituted substituted Member only upon satisfaction of all of the following conditionsconditions set forth below in this Section 9.6:
Appears in 1 contract
Samples: Limited Liability Company Agreement (OCI Resources LP)
Admission of Transferees as Members. Subject to the other provisions of this ArticleARTICLE 13, a transferee of a Membership Interest or Assignee Interest may be admitted to the Company as a Substituted Substitute Member only upon satisfaction of all of the following conditionsconditions set forth below in this Section 13.7:
Appears in 1 contract
Admission of Transferees as Members. Subject to the other provisions of this ArticleArticle IX, a transferee of a Membership Interest Shares may be admitted to the Company as a Substituted substituted Member only upon satisfaction of all of the following conditionsconditions set forth below in this Section 9.7:
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (New England Realty Associates Limited Partnership)
