Admission of Transferees as Members. A Transferee shall be admitted as a Member of the Company only upon the affirmative unanimous Vote of Members, except that a Transferee which is an Affiliate of a Member shall automatically be admitted as a Member, subject to compliance with Section 11.7, without any action on the part of the other Members.
Appears in 2 contracts
Samples: Operating Agreement (Tele Communications Inc /Co/), Operating Agreement (Media One Group Inc)
Admission of Transferees as Members. A Transferee shall be admitted as a Member of the Company only upon the affirmative unanimous Vote of Members, except that a Transferee which is an Affiliate of a Member shall automatically be admitted as a Member, subject to compliance with Section 11.711.6, without any action on the part of the other Members.
Appears in 2 contracts
Samples: Operating Agreement (Microsoft Corp), Operating Agreement (Microsoft Corp)
