Common use of MEMBERS; LIMITED LIABILITY OF MEMBERS Clause in Contracts

MEMBERS; LIMITED LIABILITY OF MEMBERS. Section 3.1 Members. Each of the parties to this Agreement (other than the initial Manager), and each Person admitted as a Member of the Company pursuant to the Act and Section

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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MEMBERS; LIMITED LIABILITY OF MEMBERS. Section 3.1 3.01 Members. Each of the parties to this Agreement (other than the initial Manager), and each Person admitted as a Member of the Company pursuant to the Act and Section

Appears in 1 contract

Samples: Operating Agreement

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MEMBERS; LIMITED LIABILITY OF MEMBERS. Section 3.1 Members. Each of the parties to this Agreement (other than the initial Manager), and each Person admitted as a Member of the Company pursuant to the Act and SectionSection 9.4 of this Agreement, shall be Members of the Company until they cease to be Members in accordance with the provisions of the Act, the Certificate of Formation, or this Agreement. Upon the admission of any new Member, Exhibit β€œ1” attached hereto shall be amended accordingly.

Appears in 1 contract

Samples: Operating Agreement

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