Common use of Membership Interests; Additional Members Clause in Contracts

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, and duties, and such an amendment shall be approved and executed by the Members. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (Magellan Midstream Partners Lp), Limited Liability Company Agreement (Magellan Midstream Holdings Lp)

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Membership Interests; Additional Members. The Members own Membership Interests in WGR is the sole Member of the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, Member and the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Western Gas Equity Partners, LP), Limited Liability Company Agreement (Western Gas Equity Partners, LP)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine Board determines at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, and duties. The Members Board may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, and duties, and such an amendment shall be approved by the Board and executed by the MembersProper Officers. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Williams Energy Partners L P), Limited Liability Company Agreement (Williams Energy Partners L P)

Membership Interests; Additional Members. The Members own Membership Interests in SemGroup Holdings is the sole initial Member of the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (SemGroup Energy Partners, L.P.), Limited Liability Company Agreement (SemGroup Energy Partners, L.P.)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Universal Compression Partners, L.P.), Limited Liability Company Agreement (Regency Energy Partners LP)

Membership Interests; Additional Members. The Members own Membership Interests in XXX is the sole Member of the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, Member and the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Western Midstream Operating, LP), Limited Liability Company Agreement (Western Midstream Partners, LP)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit ------- A attached hereto. Persons may be admitted to the Company as Members, on such - terms and conditions as the Members determine Board determines at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members Board may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, powers and duties, and such an amendment shall be approved by the Board and executed by the MembersProper Officers. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Sunoco Logistics Partners Lp), Limited Liability Company Agreement (Sunoco Logistics Partners Lp)

Membership Interests; Additional Members. The Members own Membership Interests in Holdings is the sole initial Member of the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Western Gas Partners LP)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members Members, without any approval of the Board, determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, and duties, and such an amendment shall be approved and executed by the Members. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Williams Energy Partners L P)

Membership Interests; Additional Members. The Members own Member owns the Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, and duties. The Members Board may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, and duties, and such an amendment shall be approved and executed by the MembersBoard. Any such admission is effective only after such new Member has executed and delivered to the Members Board and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Magellan Midstream Holdings Lp)

Membership Interests; Additional Members. The Members own Membership Interests in Holdings is the sole initial Member of the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as Western Gas Holdings, LLC Limited Liability Company Agreement the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Western Gas Partners LP)

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Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Regency Energy Partners LP)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members Members, without any approval of the Board, determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, and duties, and such an amendment shall be approved and executed by the Members. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Magellan Midstream Partners Lp)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine Board determines at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members Board may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, powers and duties, and such an amendment shall be approved by the Board and executed by the MembersProper Officers. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sunoco Partners Marketing & Terminals Lp)

Membership Interests; Additional Members. The Members own Membership Interests in WGR is the sole Member of the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement Agreement, indicating the different rights, powers, powers and duties, and such an amendment shall be approved and executed by the Members. Any such admission is shall be effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, Member and the new Member’s ratification of this Agreement and agreement to be bound by it.. WESTERN MIDSTREAM HOLDINGS, LLC SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT

Appears in 1 contract

Samples: Limited Liability Company Agreement (Western Midstream Partners, LP)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on such terms and conditions as the Members determine at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, and duties. The Members may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, and duties, and such an amendment shall be approved and executed by the Members. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Magellan Midstream Partners Lp)

Membership Interests; Additional Members. The Members own Membership Interests in the Company as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, on --------- such terms and conditions as the Members determine Board determines at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members Board may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, powers and duties, and such an amendment shall be approved by the Board and executed by the MembersProper Officers. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s 's ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sunoco Logistics Partners Lp)

Membership Interests; Additional Members. The As of the date hereof, after giving effect to the Contribution Agreement, the Members own Membership Interests in the Company with the Sharing Ratios as reflected in Exhibit A attached hereto. Persons may be admitted to the Company as Members, Members on such terms and conditions as the Members determine Board determines at the time of admission. The terms of admission or issuance must specify the Sharing Ratios applicable thereto and may provide for the creation of different classes or groups of Members having different rights, powers, powers and duties. The Members Board may reflect the creation of any new class or group in an amendment to this Agreement indicating the different rights, powers, powers and duties, and such an amendment shall be approved by the Board and executed by the MembersProper Officers. Any such admission is effective only after such new Member has executed and delivered to the Members and the Company an instrument containing the notice address of the new Member, the new Member’s ratification of this Agreement and agreement to be bound by it.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sunoco Logistics Partners L.P.)

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