Common use of Members Acquiring Membership Interest from Company Clause in Contracts

Members Acquiring Membership Interest from Company. No Person, other than the initial Members, who acquires a Membership Interest from the Company shall be admitted as a Member of the Company, except upon the unanimous consent of the Members.

Appears in 2 contracts

Samples: Operating Agreement (Delta Mine Holding CO), Operating Agreement (Delta Mine Holding CO)

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Members Acquiring Membership Interest from Company. No Person, other than the initial MembersMembers who have signed this Agreement, who acquires a Membership Interest from the Company shall be admitted as a Member of the Company, except upon the unanimous consent of a majority in interest of the Members.

Appears in 1 contract

Samples: Operating Agreement

Members Acquiring Membership Interest from Company. No Person, other than the initial Members, who acquires a Membership Interest Shares from the Company shall be admitted as a Member of the Company, except upon the unanimous written consent of the Members.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (B&H Contracting, L.P.)

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Members Acquiring Membership Interest from Company. No Person, other than Except for the initial existing Members, no Person who acquires a Membership Interest from the Company shall be admitted as a Member of the Company, except upon Company without the unanimous written consent of the Members.

Appears in 1 contract

Samples: Operating Agreement

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