Identification of Initial Members; Admission of Additional Members Sample Clauses

Identification of Initial Members; Admission of Additional Members. The entity or entities that have executed and delivered this Agreement shall be the initial Member(s) of the LLC. Additional Members shall be added to the LLC only in accordance with Article 5 (concerning membership accession).
Sample 1
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Identification of Initial Members; Admission of Additional Members. On the date of formation of the LLC, the members shall be the only members of the LLC. Additional members shall be added to the LLC only in accordance with Sections 10 and 11 (concerning, respectively, grants and transfers of membership rights).
Sample 1

Related to Identification of Initial Members; Admission of Additional Members

  • Admission of Additional Members One or more additional members of the Company may be admitted to the Company with the written consent of the Member.

  • Additional Members One or more additional members may be admitted to the Company with the consent of the Member. Prior to the admission of any such additional members to the Company, the Member shall amend this Agreement to make such changes as the Member shall determine to reflect the fact that the Company shall have such additional members. Each additional member shall execute and deliver a supplement or counterpart to this Agreement, as necessary.

  • Admission of Members Other persons may be admitted as Members from time to time pursuant to the provisions of this Agreement.

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