Common use of Admissions, Resignations and Removals Clause in Contracts

Admissions, Resignations and Removals. (a) No Person may be admitted to the Company as an additional Managing Member or substitute Managing Member without the prior written consent of each incumbent Managing Member, which consent may be given or withheld, or made subject to such conditions as are determined by each incumbent Managing Member, in each case in the sole discretion of each incumbent Managing Member. A Managing Member will not be entitled to resign as a Managing Member of the Company unless another Managing Member shall have been admitted hereunder (and not have previously been removed or resigned).

Admissions, Resignations and Removals. (a) No Person may be admitted to the Company as an additional Managing Member or substitute Managing Member without the prior written consent of each incumbent Managing Member, which consent may be given or withheld, or made subject to such conditions as are determined by each incumbent Managing Member, in each case in the sole discretion of each incumbent Managing Member. A Managing Member will not be entitled to Transfer all of its Units or to resign as a Managing Member of the Company unless another Managing Member shall have been admitted hereunder (and not have previously been removed or resigned).

Admissions, Resignations and Removals. (a) No Person may be admitted to the Company as an additional Managing Member Manager or substitute Managing Member Manager without the prior written consent of each incumbent Managing MemberManager, which consent may be given or withheld, or made subject to such conditions as are determined by each incumbent Managing MemberManager, in each case in the sole discretion of each incumbent Managing MemberManager. A Managing Member Manager will not be entitled to resign as a Managing Member Manager of the Company unless another Managing Member Manager shall have been admitted appointed hereunder (and not have previously been removed or resigned).