Common use of Conditions to Substitution Clause in Contracts

Conditions to Substitution. As conditions to its admission as a Member, an assignee, transferee or successor of a Member shall (a) execute and deliver any instruments, in form and substance satisfactory to the non-transferring Members, as the non-transferring Members reasonably request, and (b) pay all reasonable expenses in connection with its admission as a substituted Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Contango ORE, Inc.), Operating Agreement (Solitario Exploration & Royalty Corp.)

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Conditions to Substitution. As conditions to its admission as a Member, an assignee, transferee or successor of a Member shall will (a) execute and deliver any instruments, in form and substance satisfactory to the non-transferring Members, as the non-transferring Members reasonably request, and (b) pay all reasonable expenses in connection with its admission as a substituted Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Texas Mineral Resources Corp.)

Conditions to Substitution. As conditions to its admission as a Member, an assignee, transferee or successor of a Member shall shall (a) execute and deliver any instruments, in form and substance satisfactory to the non-transferring Members, as the non-transferring Members reasonably request, and (b) pay all reasonable expenses in connection with its admission as a substituted Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Conditions to Substitution. As conditions to its admission as a Member, an Member (a) any assignee, transferee or successor of a Member shall (a) execute and deliver any such instruments, in form and substance satisfactory to the non-transferring MembersManager, as the non-transferring Members reasonably requestManager shall deem necessary, and (b) such assignee, transferee or successor shall pay all reasonable expenses in connection with its admission as a substituted Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (General Moly, Inc)

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Conditions to Substitution. As conditions to its admission as a Member, an assignee, transferee or successor of a Member shall shall: (a) execute and deliver any agreements or instruments, in form and substance satisfactory to the non-transferring Members, as the non-transferring Members reasonably request, including an acknowledgement and agreement to be bound in respect of this Agreement; and (b) pay all reasonable expenses in connection with its admission as a substituted Member.

Appears in 1 contract

Samples: Operating Agreement (Gold Torrent Canada Inc)

Conditions to Substitution. As conditions to its admission as a Member, an assignee, transferee transferee, or successor of a Member shall (a) execute and deliver any instruments, in form and substance satisfactory substancesatisfactory to the non-transferring Members, as the non-transferring Members reasonably request, and (b) pay all reasonable expenses in connection with its admission as a substituted Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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