Effective Date of Admission. Subject to the provisions of Section 6.5J, Investor Limited Partner shall be deemed to have been admitted as of the first day of the calendar month in which the Admission Date occurs, for all purposes of this Agreement, including the allocation of Profits, Losses and Tax Credits under Section 6.
Effective Date of Admission. The original Members shall be deemed to have been admitted as of the effective date of this Operating Agreement, for all purposes of this Agreement, including the allocation of Profits and Losses under the relevant terms hereof. New Members shall be deemed to have been admitted as of the effective date of their admission documents.
Effective Date of Admission. Except as otherwise reasonably approved by the Manager, a transferee shall be admitted as a substituted member pursuant to the terms of this Agreement as of the first day of the month following the month in which such member has acquired the Interest and been so admitted as a member.
Effective Date of Admission. Unless otherwise agreed by a Majority --------------------------- Vote of the Remaining Members, the admission of a Person as a Member shall be deemed effective as against the Company and the Members as of the last day of the calendar month in which the last of the following events occurs: (i) the vote required therefor under Section 9.1 is obtained; or (ii) the Person being admitted as a Member and the Member or Transferring Party, if any, transferring a Membership Interest or Economic Interest to that Person comply with Section 9.2 with respect to all requirements that have been fixed by the Members pursuant to that Section. Notwithstanding the foregoing, Intercell International Corporation shall be deemed a Member effective as of the date hereof.
